Update from previous idea:
Not looking good, however, keep a level head here. the risk to reward of going long here is worth it in my opinion. this fib has played out perfectly so far and we are seeing strong support at the 0.236 level.
we just tested the 0.236 once again and we have now broke through it that is really bearish for me, we NEED to see a break back above this level and held as support. if not the next target is the previous swing low.
I have also highlighted potential support levels that we could bounce on. waiting on this candle close is the next thing for me if we close above the 0.236 I will go long if we retest as bearish resistance then a short could also be a good play but I won't be taking it. lets see what happens here but failing to get back above the 0.236 the next target is previous swing low im just hoping we bounce on one of my green lines and see a volume bounce breaking back above the level.
time will tell don't panic, these are all opportunities I will spend some time doing more analysis and see if any more levels stand out for me if I find any I will post again.
Not looking good, however, keep a level head here. the risk to reward of going long here is worth it in my opinion. this fib has played out perfectly so far and we are seeing strong support at the 0.236 level.
we just tested the 0.236 once again and we have now broke through it that is really bearish for me, we NEED to see a break back above this level and held as support. if not the next target is the previous swing low.
I have also highlighted potential support levels that we could bounce on. waiting on this candle close is the next thing for me if we close above the 0.236 I will go long if we retest as bearish resistance then a short could also be a good play but I won't be taking it. lets see what happens here but failing to get back above the 0.236 the next target is previous swing low im just hoping we bounce on one of my green lines and see a volume bounce breaking back above the level.
time will tell don't panic, these are all opportunities I will spend some time doing more analysis and see if any more levels stand out for me if I find any I will post again.
