christmas period - quick asia assesment with daily 161.8 inc.

Daily failed to break 78.6 fib level from 161.8 retrace. potential retest of 161.8 to find either new buyers at that level or potentially lower. Still in a downtrend however 161.8 is usual intraday set up for a reversal.

- daily needs work to make it more accurate in terms of fib level coordinates (freehand & not magnetic)

Asia session so still waiting for volume to confirm this idea or to create a new one.

Yorum:

no trading taking place just getting to grips with how this publishing business works - will stick to private until i make it more refined.