Price indeed came back down into the buy zone, but now we've got another, smaller opposing short to get through. Confirmation of the long comes with the break of the opposing short's 61.8%. Volume is looking lethargic - the old saying is "don't sell a dull tape" - let's see if we get some buyers coming up to the plate.
Okay, things are looking very technical, which is good as it's an indication that professionals are involved, and volume confirmation is positive as well.
We got through the first opposing short, and now have a new long setup (entry at 3730ish) with full rainbow MA support within the larger hourly long, both targeting above the 61.8 of the next opposing short, but, and this is a big but, that's also the 50% level for the daily opposing short. We'll need to follow this closely!