Pullback to 0.618 Fib before uptrend continuation

9 thg 5, 2020

My theory is Demand Zone holds as support and we continue uptrend to 77.37. The lower time time frame confluence is showing the Demand Zone as a strong support. The pullback to 0.618 Fibonacci is expected before we continue upward trend.

Options Trade: 5/22 78c (Wait for pullback to our level before entry)