Decisions must be made or repeat of past trend
Updated
At this area is where we have decided multiple times for the long term outlook of being bullish or extremely bearish. The last 3 times it created the "grey box" after seeing a supply rejection area (orange box), it made a huge move down to test the lows. Now it is back to that major supply area and if it repeats history like the past 2 grey box retests, you can expect a move down. If it blows past the grey box, i would be on a bullish side outlook with buying the dips at past demand areas or prior resistances.
Based on extremely recent news this might breach the grey box but it is still worth looking at with a more lenient stop loss for shorting if you are looking to enter to the downside.
Based on extremely recent news this might breach the grey box but it is still worth looking at with a more lenient stop loss for shorting if you are looking to enter to the downside.
Note
excuse me - the last TWO times it created the grey box. not three
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