Update from previous idea:
was an eventful night last night, I posted the chart telling people not to panic and there was plenty of support on the way down.
we didn't manage to hit my yellow lines (which isn't bad), we held the 0.236 well, only seeing wicks down trying to shake out long trades at this level, currently we are back above the 0.236 fib and looking to test as support after seeing a nice move up this morning.
the next moves are waiting for a bounce on the 0.236 if we don't see this expect further downside, we have made a higher low but a lower high so we could be building up nicely for a breakout in the mid term.
so: looking to hold 0.236 and push to the 3838 level, break below is bearish, the more we test this line the weaker it gets, so trade with caution but
was an eventful night last night, I posted the chart telling people not to panic and there was plenty of support on the way down.
we didn't manage to hit my yellow lines (which isn't bad), we held the 0.236 well, only seeing wicks down trying to shake out long trades at this level, currently we are back above the 0.236 fib and looking to test as support after seeing a nice move up this morning.
the next moves are waiting for a bounce on the 0.236 if we don't see this expect further downside, we have made a higher low but a lower high so we could be building up nicely for a breakout in the mid term.
so: looking to hold 0.236 and push to the 3838 level, break below is bearish, the more we test this line the weaker it gets, so trade with caution but
