Has some strong support at 224 with fib and 200ma propping it up there.
Short trade setup
A fall below 224 and we be headed to 219 bear flag support.
Now here's where it gets crucial. if we bounce at 219 we could be headed back up to 224 acting now as resistance but if we fall through then our next support is 216 but I think it will eventually drop to 207 where there is a daily fibonacci support and weekly sma100
Long setup - if it bounces at 224 scalp it back up to 234-235
Short trade setup
A fall below 224 and we be headed to 219 bear flag support.
Now here's where it gets crucial. if we bounce at 219 we could be headed back up to 224 acting now as resistance but if we fall through then our next support is 216 but I think it will eventually drop to 207 where there is a daily fibonacci support and weekly sma100
Long setup - if it bounces at 224 scalp it back up to 234-235
