- failed to created a new lower low
-possible inverted head and shoulders
-where market makes head and shoulders
would be at a psyc level
- would be at a 0.618 fib retracement level
- would be at new support level as it was broken
as previous resistance and now is acting as support
- would also tap new up trend line
if market reaches buy zone will wait to see how candle stick closes
-possible inverted head and shoulders
-where market makes head and shoulders
would be at a psyc level
- would be at a 0.618 fib retracement level
- would be at new support level as it was broken
as previous resistance and now is acting as support
- would also tap new up trend line
if market reaches buy zone will wait to see how candle stick closes
Komen:
50 pip stop loss for a potential 250 pip gain 1:5 RR