Looking for Higher Lows

21 May 2021

To confirm a reversal at 29k, we need a higher low. If we bounce upwards at the 50% or the 61.8% fib retrace, it'll make a higher low and give more evidence that the bottom is in. The price levels to look at are 35.9k and 34.4k for long entry, with a stop at 34k, targeting 45.3k