We have profited from todays buy and potential now to ride this back down.
Why? previous impulse followed by now a completed bearish smaller channel, aligns with 50% fib, and retest of zone, we also are near the 4hr ema, plenty of confluences.
the run has been a strong bullish, either enter at top with tight Sl, or wait for bear rejections and enter on smaller time frame for break of trend line/smaller continuation pattern
Why? previous impulse followed by now a completed bearish smaller channel, aligns with 50% fib, and retest of zone, we also are near the 4hr ema, plenty of confluences.
the run has been a strong bullish, either enter at top with tight Sl, or wait for bear rejections and enter on smaller time frame for break of trend line/smaller continuation pattern