Snap long before further downside
Not really much to say here, pretty simple long playing the bounce in a very bearish looking chart. I would be surprised if there is no bounce off of the .5 fib to retest the .382 as resistance. Stop-loss is just under the previous wick, should be safely hidden. Overall still bearish on the weekly chart.
If you enjoyed this analysis, and or like cookies, be sure to like and follow for more content. :)
If you enjoyed this analysis, and or like cookies, be sure to like and follow for more content. :)
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.