Looking for small bounce off 460 to top of wedge before continuing down. 460 is the .786 retracement from last rally from 360 low to 830 high. Also, a fractal in rsi from end of May shows a bull divergence that played out well. Let's see if she bounces.
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Getting some resistance from the hourly 50 SMA. Also 500-505 area will be the next resistance if we can push above the moving average.
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Looks like we are getting a bounce off the .618 retracement from swing high
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Breaking up now but painting a bear divergence at the same time. I'm looking at 540 and the orange downtrend line as resistance targets.
Trade stängt: målet nått:
540 hit trade closed