c- oversold/golden pocket bounce

21 ביוני 2021Banks got destroyed this week, and may see one more flush to the downside before seeing a bounce. Ideally would like a see a touch to the golden pocket before making a move up, but its so oversold that the bounce may begin this week. How'd I'd it is by scaling into a position with the understanding that $65 is a possibility and be prepared for another entry. Obvious stop would be a loss of the .707 fib retracement.