tradingwizard999

tradingwizard999

Price touched weekly supply zone and starting to decline. Possible move downside to weekly demand zone and 50EMA.

tradingwizard999

The reason behind it is following confluences: 1. FIB 0,618 retracement ; 2. Weekly 50 EMA support; 3. Weekly demand zone.

tradingwizard999

The reason behind it is following confluences: 1. FIB 50% retracement ; 2. Weekly demand zone- strong imbalance, where started strong move up.

tradingwizard999

If price retraces to 200-190, then it is good long term buy opportunity. The reason behind it is following confluences: 1. FIB 50% retracement; 2. Monthly 20 EMA support; 3. Weekly demand zone; 4. 200 is good psychological number.