Two possible supply zones to look for a short opportunity.
First supply zone is at the .618 fib level near the end of wave 1 and 4. Wave 1 found support at this zone and provided resistance at wave 4.
The second supply zone is at the .786 fib level which provided resistance near the prior move down at wave 2.
First supply zone is at the .618 fib level near the end of wave 1 and 4. Wave 1 found support at this zone and provided resistance at wave 4.
The second supply zone is at the .786 fib level which provided resistance near the prior move down at wave 2.