Looking for continuation of the bearish momentum
- price reacting off 38.2 fibonacci retracement level
- price retesting the 34 EMA as resistance
- reaction off low volume node as potential resistance
Not enough confirmations to be considered a high probability setup, but the pause after the bearish momentum is pointing to either a reversal or continuation. I'm looking at the fresh demand level from late november 2017 to be targeted exit as it lines up nicely with the trendline support form october 2016.
- price reacting off 38.2 fibonacci retracement level
- price retesting the 34 EMA as resistance
- reaction off low volume node as potential resistance
Not enough confirmations to be considered a high probability setup, but the pause after the bearish momentum is pointing to either a reversal or continuation. I'm looking at the fresh demand level from late november 2017 to be targeted exit as it lines up nicely with the trendline support form october 2016.