DEA: END OF A RETRACEMENT?

Hello traders!

As you can see from the chat above, the BEARISH MOMENTUM is getting weaker and weaker, the MACD LINE is about to overtake the SIGNAL LINE and the RSI is OVERSOLD.
My idea is to wait for DEA to reach the 61.8 FIBONACCCI LEVEL and then going long until the target!

Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!