If the current channel breaks, then I'm looking for the head&shoulders pattern to play out.
I have a short term support area which we could bounce of short term, But then I'm looking for a buy in the Golden Buy Zone :)
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Came down to the 0.5 fibonacci level at the golden BUY ZONE. Good luck trading!
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I'm looking for more upside if we can create some sideways actions here and at least stay inside this channel on the higher timeframes.
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The daily needs to hold above 8700 for potential followtrough the next days.
Stochs and RSI are also starting to cross back to the upside, so the daily looks promising in my opinion :) But we are not out of the woods yet, as it needs to hold this.