The .618 retracement meets the long term support line, so i do not see us pushing down any furthur than that. I was able to count a 5 wave elliot structure within the push from B-C which is furthur confirmation, along side the 4 hour indicators being bottomed out.
* The safest approach is to wait for the uptrend to form a full elliot structure on the 15min chart with a proper retracement level and when it start pushing up again we take a buy.
* The safest approach is to wait for the uptrend to form a full elliot structure on the 15min chart with a proper retracement level and when it start pushing up again we take a buy.