The last sentence of yesterday's post was "We'll want a higher high and higher low again, but what we really want is to close near the high of the day.". Well, we didn't get a higher or a higher low, but we did close near the high of the day.
We're still higher than the recent swing low at 179.15, above the 161.8% Fibonacci extension of the yellow range, and very close to the 8ema.
So, it wasn't a constructive day but it didn't break our conviction in this trade either. We're kind of chopping around down here. My expectation is that we're building a bottom from which to go much higher. But technically we're a bit at risk of heading lower.
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