rejected from 61.8 fib retracement and also tested the backside of a strong daily trendline. Looking to come down and create new lows.
Trade geschlossen: Stop wurde erreicht:
Looking like price is heading out to the 71%-78.6% fib retracement pocket... confluence with the outer trendline. Will wait and see how price reacts around this region.... though ema20 has cross 200sma now and may have a trend change