...finally - price starts to move down after a test of the 61.8% of the current dly hi-lo.
You can see where price encountered 'buy the dip' demand (rbs) on the downside p/back from A-B y/day, right at bottom of that prev 1hr sw hi zone = pot rbs. Will this pot rbs zone act as rbs again if tested? It's a prev sw hi not part of the current 1hr uptrend, but it did on 1st test as pot rbs so who knows? < 50% probability though I would have thought?
1hr below
You can see where price encountered 'buy the dip' demand (rbs) on the downside p/back from A-B y/day, right at bottom of that prev 1hr sw hi zone = pot rbs. Will this pot rbs zone act as rbs again if tested? It's a prev sw hi not part of the current 1hr uptrend, but it did on 1st test as pot rbs so who knows? < 50% probability though I would have thought?
1hr below
Trader with an Edge.
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