Just at the bottom of the channel trend line today at $96.70 and the 0.5 Fib is at $93.73, we are looking for signs of reversing now.
Not seeing any of signs of that yet tho.
Holding above the trend line is a good start.
That being said, the market is very weak so we may get a test of the 0.5 Fib tomorrow or even Monday.
Be greedy for support confirmation.
makis
2023-09-21 15:04:41 +0000 UTC