Can also argue this.
45k's would be target.
Will be watching for both scenarios.
Clean.

Likely part of a distribution phase though.

Great trading to be had still.
Fibs back up into SSR's.
Let's keep this thread of fibs going.

Don't get greedy and think you caught the bottom.

Just play the levels and fibs.

Price has been clean.

If price continues up adjust the fib.

Wait for the potential higher low.

Can all still be a bearish retest of an SSR.

Large range.
Helps to have correctly place fibs.

Adjusted.

Would be around 31.9k's.
If that was near term top the 32.4-6k level looks nice for the retrace.

SSR turns DBS.

61.8 fib is 32,349 as of now.
Clear top identified after taking the highs.

Fibs adjusted.

Mid 32k's is bid zone for potential higher low.
Could see something like this if you didn't catch a long.
Potential near term top.

Look at fibs below.

Daily open run and back below.

Similar setup as last potential higher low.

SSR turned into DBS.
Keep an open mind here.

This could be a range.

Lose the mid and take a trip back down to range low.

Would fill out nicely.
Sweet spot hit.
Feeling more confident in the range play.

Range lows.
Would be double bottom target and fib retrace back up.

Prepared otherwise.

Would be continuation of bearish ms on low time frame.
No dice for longs.
Unclear at the moment.

Broke the downtrend but no retest yet.

These can get messy and psych people out.

Can argue this is a bottoming formation structure.

Still untapped supply on the fib retrace back up to 38k region.

Still untapped demand on range lows.
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