See previous post today first: Strong selling likely to come soon. - by HoleyProfit (substack.com)
See also Big 76 rejection. What now? - by HoleyProfit (substack.com)
In a previous post we’d said if we reject from the 76 spike (Which happened on the FOMC a while ago) we could look for the fib levels acting as SR on the way down.
Forecast:
Zoomed in on chart:
Real price move since:
As per the original plan, we’d currently be in this section.
Where we chop up and down between the 38 and 50 fib.
Let’s further expand upon trading this move and also determine our failure patterns that would dictate we need to re-assess our bias.
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