Final count: Short

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If continued rejection at the micro 1.618, likely will result in a 3 wave correction.

Potential short entries: $7,850 and $8,000

If long be prepared to begin damage control

Invalidation: $8,100-$8,150

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ملاحظة

Remain alert if you're in a short position for a quick rebound back upwards. Things have been moving pretty slowly today and I have a feeling that some big moves may happen within the next few hours. Don't be afraid to take profit we are dangerously close to the top of a trend line and things could move to the upside very quickly. Safe trading I'll be keeping my eye on it and trying my best to keep my feed up to date