Price action seems to be consolidating - an on going battle between the bulls & bears. The most recent A-B boundary shows price previously bouncing off the 61.8 level and leaving a long wick behind. This may be an appropriate buy signal for more bulls to enter the market, but since it's only Monday --- I'd like to see price dip down once more where I will have pending orders at both areas highlighted. The bottom highlighted zone represents a strong demand zone as well as the .86 retracement for the A-B boundary shown. The top highlighted area is a larger A-B boundary 61.8 retracement (from the bottom to the top of the screen) and is also a 1.618 extension for this possible counter trend wave.
As always good luck!
As always good luck!