Managed to pick up some longs at yesterday's low but have banked that now and gone flat into today's 50% rolling retracement. I was hoping to lose longs higher up to go short, but so far price is rolling down, so if lows come first, I'll swap around to losing shorts instead. For now, will wait for hourly stochs to hit oversold or overbought to decide.
I have overlaid an S&R grid over the 10048-8902 wave on the daily chart and we are sat right at the 9619 S&R line. If this does not hold, the 50% of the whole wave is 9472, below. If it does hold then the next resistance line above sits at 9760. Either one will do me!
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