I would have preferred to have seen market go down to $8,670 one of my Fib levels, but previous Williams Fractal patterns now suggest further downside risk may be over which looks promising.
Note
Retrace could go down to $8,500 - $8550 and still compare well with the last pattern up from $6,000 back in February.Note
Will this two hour bar close above its open of $8,771 or my Fib level of $8,670 that will be interesting.Note
Looking at my 4 hour chart I guess there is a chance price could go down to between $,8,300 - $8,350 based on a previous pattern I was following there, and then recover. 4 hour MACD was looking like it needed a crossover down and Stoch RSI was looking overbought. My Williams Fractal caution posting appears to have been timely.Note
In my latest postings I've identified new big downside risks.
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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.