The trading strategy from yesterday is working as the price reacted accurately at the Fibonacci level of 0.382. In today's session, the 3358 area plays a key role - this is the ideal area to consider DCA when a BUY confirmation signal appears.
On the contrary, 3333 will be the last defensive zone for the uptrend. If this level is broken, the market is likely to reverse to the downtrend, opening up a SELL opportunity towards the 328x area.
Regarding the wave structure, the assessment is still consistent with the analysis of the previous session.
Trading plan:
BUY DCA: When the candle closes confirming above 3358
SELL: When the price breaks 3333 (Fib level of 0.382)
On the contrary, 3333 will be the last defensive zone for the uptrend. If this level is broken, the market is likely to reverse to the downtrend, opening up a SELL opportunity towards the 328x area.
Regarding the wave structure, the assessment is still consistent with the analysis of the previous session.
Trading plan:
BUY DCA: When the candle closes confirming above 3358
SELL: When the price breaks 3333 (Fib level of 0.382)
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