Pullback to 0.618 Fib before uptrend continuation

2020년 5월 9일

My theory is Demand Zone holds as support and we continue uptrend to 77.37. The lower time time frame confluence is showing the Demand Zone as a strong support. The pullback to 0.618 Fibonacci is expected before we continue upward trend.

Options Trade: 5/22 78c (Wait for pullback to our level before entry)