Market has been in a downtrend last couple of months. We came to an area of support, where market acting as both support and resistance multiple times in the past.
Need daily candle to close bullish (doji formation) as this will give an indication that buyers are willing to push price up. Daily down Fibonacci completed. On 1 hour timeframe I am waiting for the market to break into the buy zone and will look to buy counter trend breaks bullish for the next 654 ticks
Need daily candle to close bullish (doji formation) as this will give an indication that buyers are willing to push price up. Daily down Fibonacci completed. On 1 hour timeframe I am waiting for the market to break into the buy zone and will look to buy counter trend breaks bullish for the next 654 ticks