this is my analysis
whenever we reached down to this monthly key level, the price has just been trapped.
yes we are in a consolidation market currently and weve been in this zone for about a month now.
i see that price broke the trend line, and retested a zone for a pullback to 78.6%.
i believe we had a break of market structure and price decided to pullback.
weak buy opprotunity, but im down for it.
whenever we reached down to this monthly key level, the price has just been trapped.
yes we are in a consolidation market currently and weve been in this zone for about a month now.
i see that price broke the trend line, and retested a zone for a pullback to 78.6%.
i believe we had a break of market structure and price decided to pullback.
weak buy opprotunity, but im down for it.
price is struggling cause everyone is getting out.