As projected on previous analysis few weeks back, Price was rejected at our supply zone then plummeted. Now price rallied for retracement of our previous sell off at our 78.6% fib retracement.
Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone.
A safe bet would be to enter LONG at our lower extremity of our channel for better risk reward ratio.