On the daily, we noticed the price was rejected on the 50% fibs level, meaning that price needs to reach at least the -27.2% level as a target. On the 1H time frame, there is an Ignored Accumulation, RBR. SO the best thing to do is to wait for a FB (First time back on the decision point created when price broke the previous sell ZOne. Importantly if there is a creation of Price approaching then, the long setup will be validated.
This is not a financial advice.. And most importantly, make sure to use good money and risk management.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.