My bias is neutral here we will have to be patient and see what happens.
If this long term descending channel is broken and retested along with our 4H resistance which is also 23.6 short term fib is broken then we can look long upto the long term 61.8 reversal fib as a lot of sellers may be interested there.
For sells I would be looking for a continuation of the long term descending channel and our entry will be at the break and retest of the 4H support.
If this long term descending channel is broken and retested along with our 4H resistance which is also 23.6 short term fib is broken then we can look long upto the long term 61.8 reversal fib as a lot of sellers may be interested there.
For sells I would be looking for a continuation of the long term descending channel and our entry will be at the break and retest of the 4H support.