The $250 to $230 was strong consolidation zone for close to two weeks. But price eventually broke downwards and has retested that zone and that retest seems to be failing.
I am positioned for a short, and hoping to sell to the next key support level around $214 while watching the $225 l level as a potential reversal zone.
I am positioned for a short, and hoping to sell to the next key support level around $214 while watching the $225 l level as a potential reversal zone.