(Daily) Coffee for a Shark @ Confluence or @ Previous Structure
ICEUSA:KC1!
Confluence between the 618 retracement and the 161% extension, let's see if the big bears start to bid lower once the price gets there. (IF)
There's also the previous structure at 224%, above the 78.6% retracement, let's call it a "cluster zone between fibs", and it will "validate" the "extended" Shark at 224% (check price action and structure at both levels, the 161% and the 224%).
Safe Trades;
Confluence between the 618 retracement and the 161% extension, let's see if the big bears start to bid lower once the price gets there. (IF)
There's also the previous structure at 224%, above the 78.6% retracement, let's call it a "cluster zone between fibs", and it will "validate" the "extended" Shark at 224% (check price action and structure at both levels, the 161% and the 224%).
Safe Trades;
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1st target reached: