I want to see the price fall into my buy zone. A bounce off the cloud is possible as well. Watching the price this morning.
Potential breakout for higher timeframe wave 3.
Potential breakout for higher timeframe wave 3.
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We dipped to retest the trend itself. Looking for a solid bounce up.
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Major 4h resistance may win out on this. We'll see.
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After reviewing the higher timeframes, it looks like we just don't have the momentum to breakthrough. Anticipating a major sell-off.
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This trade will most likely move up to test the 1900 area before falling. Not a bad trade, but I believe a sell will be a strong trade overall.