Rejection OFF Weekly 200MA
https://www.tradingview.com/x/pHAdUHuM/ I remember looking at this area this morning as an area of interest to determine how much of a rejection we will get from the 200MA. Turns out it was a good -954 drop. That doesn't mean we are dropping down from here. If price can maintain around here and consolidate, there is still hope for an upside push. That 200MA would have been a great time to scalp. Too bad I couldn't day trade it since I'm near my limit for 3 day trade within 5 days, leading to 90 day restriction on RH. So didn't want to risk it.
On the 1h chart [url=
] there is a 200MA just under closing price as well as the support 0.382 fibs from the top and bottom. There's still a chance as I mention earlier, we can bounce to the upside. But still need more candles to determine its direction.
On the 1h chart [url=
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