I'd like to see a SL hunt and a further push to my confluence area before making the next leg down. I feel there are still a lot of buyers in the market from the ascending channel trend line. Once we have had a liquidity purge, we could see this sell off from the 0.618 Fib and descending trend line.
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.