After the massive drop (impulse) in price yesterday, price came to ret on the support level. I do expect a pullback to the 50 fib level (71.16) as indicated to perform a bearish reset. The bearish reset would be a start of the new impulse move to the downside (price = 61.44).
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.