Update from previous idea:
yesterday we were looking at the big bullish scenario holding the 0.5 fib retrace..... andddd we did not do that. however, if you still kept a close eye on the fib we actually held the very last line of support on the short term timeframe seeing a bounce from the 0.236 still holding the retracement and completing the fib.
I also added this red trend line, not going to trust it too much but we have seen a break back through changing momentum to bullish before seeing nearly a retest and continuation to the upside.
ideal scenario we are looking to break the previous short term swing high at this red horizontal line breaking that would be good for the recovery, still aiming for my bullish target at the 4360 level.
overall we are still in a risky placed expecting a burst straight up would be unlikely, expect sideways slowly climbing up not allowing much profit to be made until we recover all of the pools of liquidity.
yesterday we were looking at the big bullish scenario holding the 0.5 fib retrace..... andddd we did not do that. however, if you still kept a close eye on the fib we actually held the very last line of support on the short term timeframe seeing a bounce from the 0.236 still holding the retracement and completing the fib.
I also added this red trend line, not going to trust it too much but we have seen a break back through changing momentum to bullish before seeing nearly a retest and continuation to the upside.
ideal scenario we are looking to break the previous short term swing high at this red horizontal line breaking that would be good for the recovery, still aiming for my bullish target at the 4360 level.
overall we are still in a risky placed expecting a burst straight up would be unlikely, expect sideways slowly climbing up not allowing much profit to be made until we recover all of the pools of liquidity.
