On the chart above you'll notice a few multi-color boxes. The lighter red box represents the technical zone in which price can retrace too before invalidating the current bearish move, while the darker zone would be the ideal entry area for a longer term trader. Obviously for a day trader you can look for opportunities at a much lower level and with much more frequency.
The green boxes represent where I think price can go to before we start to experience more buying pressure. The lighter green box is the bigger zone, while the darker green box represents the first area of major structure on the higher timeframe.
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