4th Week of August pre week analysis

Nice dip breaking below the 62% fib level and hiting the 70.5% level. we had some bad news so we could expect more down trend.

would like to see monday/tuesday create the High of the week which would indicate to me a further sell off by the end of the week. if we go straight down monday i will then consider long positions to hit the 27% profit area which would close a weekly gap.

This is not financial advice

happy trading

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