This (blue arrow line) looks to be a nice scenario for the coming days/weeks.
The 2021 open level and the .382 retracement are support for the moment.
When we drop below these supports ... the .618 retracement is a very nice next support for a bounce.
IT also coincides with an important daily top AND with the daily 200 MA.
It will get all the shorters excited and once they all took the bait ...it's then time for a VERY strong move up.
Your thoughts?
The 2021 open level and the .382 retracement are support for the moment.
When we drop below these supports ... the .618 retracement is a very nice next support for a bounce.
IT also coincides with an important daily top AND with the daily 200 MA.
It will get all the shorters excited and once they all took the bait ...it's then time for a VERY strong move up.
Your thoughts?