Wednesday’s pin high level (on 4H chart) ~7900 was the signal for correction. Price rebounded back to cycle low level ~6400.
I think the reaction from cycle low line will be under test during the weekend. Neither direction has been confirmed yet.
Need to follow and confirm rejection from the cycle low or break of this line before taking position.
I think the reaction from cycle low line will be under test during the weekend. Neither direction has been confirmed yet.
Need to follow and confirm rejection from the cycle low or break of this line before taking position.