We are at a crucial area as stated from the May 8th post. I would wait for a clear direction queue on the 4H prior to making a trade. We’re either going to break above these resistances, back test and head higher, or fail.
If we fail we could retrace back down to the 23/38 Fib lines (from a daily view).
If we fail we could retrace back down to the 23/38 Fib lines (from a daily view).
Note
Here's a zoomed out view with the marked resistances.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.