In this last up move, we touched the 50% Fib Top to Bottom level to a T. Depending on how the next few candles form, this level would be good to open up a short in case we get rejected. Stops would be just above the 50% retrace level.
Target would be around 7000 and then 6800 for the bounce.
This is a good high probability play, where you can use tight stops to control the entry.
Target would be around 7000 and then 6800 for the bounce.
This is a good high probability play, where you can use tight stops to control the entry.