Here's a bearish scenario. This is how we might retrace back down to the 38.2% Fib level if the Bulls are not able to push past 112K and keep that as support during the weekend.
Always remember to place your stops at the appropriate levels.
Just be very watchful!
Happy Trading Everyone.
Ron
If you are very optimistic about the market and want a bullish scenario, check this out:
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.