From the base of the most recent rally to the selloff at the major neckline, price has retraced about 80% of its gains, leaving us with 20% left from the last low. Its expected to see continuous selling pressure until $155, and a possible spike-out around $133.
First lets confirm local support lvls (30min - 1min) for a reversal back to liquidity (~$216) to only selloff once again.
Buyers displayed aggressive price action from $110 and $155 which is overall bullish in the long term.
First lets confirm local support lvls (30min - 1min) for a reversal back to liquidity (~$216) to only selloff once again.
Buyers displayed aggressive price action from $110 and $155 which is overall bullish in the long term.
