Updated 4h chart, GJ. With daily pivot same as monthly pivot, as long as price remains below there today I expect further down. First target is the TL near 197.50 area, and M1 is 197.60, so want to see that first. Break of M1 and that TL and next we can see weekly S1 at 196.50.
Note:
198.75 is 50% of the low to the 205 peak. Need good break below here to feel really good about shorts, and retest of low potential.
Note:
198.75 is 50% of the low to the 205 peak. Need good break below here to feel really good about shorts, and retest of low potential.