With my fibonacci setup, you can see clearly why we had that key resistance and where is it likely to find support. Still bullish in my opinion however there is also a bearish scenario. Time will tell.
Look closer and you will identify where we currently have support and resistance on the local levels.
I'm not making calls, just watching the charts to leverage long and leverage short when the time comes.
All the best,
S.SAri
Catatan
my bullish perspective. i still feel we will have some trading opportunities with SFP as we slowly work our way up to breaking the main level. There is that possibility we still come down again from here but not much.
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