SNAP
We retested .50 fib and rejected it. We are now in the golden zone and can bounce if volume comes in. I expected a short bounce to the upside however my target remains short as it needs to fall into a strong demand zone to confirm the move to the upside. It is hugging the Daily channel quite well, bouncing up and down.
Disclaimer
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.