So why have I drawn this channel?
Higher timeframe. On the weekly, this is a fakeout.
Coupled with the Double Top you can clearly see, there's still more downside pressure.
However, you can see as usual, the 61.8% held as support. 4hr break below here and we revisit 1800.
As always, keep an eye on stimulus talks.
Higher timeframe. On the weekly, this is a fakeout.
Coupled with the Double Top you can clearly see, there's still more downside pressure.
However, you can see as usual, the 61.8% held as support. 4hr break below here and we revisit 1800.
As always, keep an eye on stimulus talks.