Short Idea
Updated
Price is retracing to the previous support zone for a retest if price can show rejection to this zone which also falls between the 61.8% and 50% Fib Level then we can take a short position.
Note
price dropped quick after a big rejection wick but now seems like its ranging in the middle so therefore I closed out. Possibly retracing up again and maybe re-entries?
Disclaimer
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.