Here are a couple of ideas for long entries:
1. Look for some bullish relief around 5200-5300 on the daily. The 1.0 fib exts of 6/7-6/19 & 6/20-6/25 are showing confluence, so look for a reversal there.
2. For the larger trend, the 1.0 fib exts on both the W & the D charts are showing confluence in the 4800-4900 area, indicating a reversal area.
1. Look for some bullish relief around 5200-5300 on the daily. The 1.0 fib exts of 6/7-6/19 & 6/20-6/25 are showing confluence, so look for a reversal there.
2. For the larger trend, the 1.0 fib exts on both the W & the D charts are showing confluence in the 4800-4900 area, indicating a reversal area.