The range finally broke 2 weeks ago with very powerful weekly close. No bulls expected in near future, I want to short this. Any retrace should do the job towards demand. It appears that 23.6 Fib did the job and it is to expect further decline with pause at 38.2 Fib. I would like to get at least the half ( 50 Fib ) but , market tends to give 61.8 if we get the close below 38.20. Targeting ~450 pips here, any additional move down will be highly appreciated
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.