I thought this recent move might be it, but it's not climactic enough. So continue being short but expect a retrace.
Based on long term fib level which is holding well, it'll either go down to around 320 from here, or retrace and then go back down to 320-ish. Hoping for the retrace from here, to offload at 390 to 415.
Reversion to the mean.
Based on long term fib level which is holding well, it'll either go down to around 320 from here, or retrace and then go back down to 320-ish. Hoping for the retrace from here, to offload at 390 to 415.
Reversion to the mean.
Note
Getting pretty close. No sign of recovery just yet so should dip to $290Note
Failed to get back above fib level, also relatively low volume on that candle. Could've been a morning star pattern but didn't play out. $290 likely, hopefully not lower.Note
Daily above fib level. Potential for a bit of bounce from here up to the next consolidation area 
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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.