Reasons to go long 1 the market rejected the 61.8 monthly fib level 2 market broke the daily trend line 3 the market is forming a head and shoulders on the daily as well as on the 4 hour. the daily high is not yet confirmed . the best way to Take advantage of this trade is to wait for the retest of the trend line.
I'm wrong
if the market makes a new lower low. the market closes below the daily trend line Fails tho complete the head and shoulders formation.