Price needs to test 28.4k area, It will be a very bullish retrace and then you can look for a quick upside expanding wedge out,
So after we get this completed wash out, am looking for a quick bounce back up, i would expect a quick down wick to 28.4k range and then a quick upside would be an ideal cuz it'll steal all the liquidity from all the people buying long at the current level which is 29.2 and reversing at their face as they get cleaned out and that's kinda how the market gathers its fuel.
So you can't really be upset about it that really how it all works.
On 4 hour you can see that its coming off oversold condition, first stop is 29,350, if you can claim above it on a 4 hour open and close,
we will look for 29.6k-29.8k and then i would like to see rejection from 29.8k that would have us ping pong to the low,
if we hold the low again the next time we'll break throw, and if we can't hold the low then we can bust down the low and look for that 28.3k.
That's what I'm expecting.
