Two main potentials here in my view (should the market correct that much in the first place that is):
1. .5 - .618 retracement zone becomes demand zone point of reversal
2. A failure of 1 leads to accumulation at a lower level (Cypher pattern)
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
1. .5 - .618 retracement zone becomes demand zone point of reversal
2. A failure of 1 leads to accumulation at a lower level (Cypher pattern)
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything