The market is still in a corrective/consolidation phase after the first leg down. Another test of the 61.8 and 78.6 fib zones could still be in the cards. This would be a bullish confirmation to the herd and they will, like always, line up to buy a euphoric high. The "financial pros" will also be there ready and willing to assist.
While the higher timeframe trends are down, I'll be selling rallies at key levels with reversal patterns.
Many assets have undergone distribution and have already revisited the 2020 lows. There are a lot of confluences lining up with fib extensions, measured move/symmetry, and a large 2020 monthly wick.
Remember, keep your risk low and manage your trades.
Plan. Execute. Next.
Trade Less. Make More.
While the higher timeframe trends are down, I'll be selling rallies at key levels with reversal patterns.
Many assets have undergone distribution and have already revisited the 2020 lows. There are a lot of confluences lining up with fib extensions, measured move/symmetry, and a large 2020 monthly wick.
Remember, keep your risk low and manage your trades.
Plan. Execute. Next.
Trade Less. Make More.