as you can see at my related ideas, my opinion is that the 160.00 level is a pretty strong support and i personally got out of all my sell orders and now i'm into some long involved. i expect some range now between 160ish and 270.00. if we close on a daily/weekly candle above/below these levels, it will get order on the rebounce.
Anyway, if this double top holds(0.618 of B to C), the 202-200 will be a good low risk buy setup folks!
Trendline, price action support, harmonic pattern (some fib levels forming up) and a big round number 200.00!!!
Stops can even be smaller about 190ish
Anyway, if this double top holds(0.618 of B to C), the 202-200 will be a good low risk buy setup folks!
Trendline, price action support, harmonic pattern (some fib levels forming up) and a big round number 200.00!!!
Stops can even be smaller about 190ish
