I'm anticipating the price to mitigate the daily order block. If the 50% or 78.6% Fibonacci levels hold and we see a reversal reaction from them, a long position could be considered in the 3302-3337 area after confirmation on a lower timeframe.
Note
The potential entry zone remains valid today.Price still hasn’t mitigated the daily order block or reached the discount zone for a safer long entry.
There’s now a higher probability that the correction will go to the 78 fib level, where a gap is also located, rather than to the 0.5 level
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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.