AUDCAD SHORT: a move to retest neckline of monthly "W" formation
Monthly:
- "w" formation
- possible move to retest neckline
Weekly:
- "M" formation
- retest of neckline (fib confluence)
- expecting continuation down
Daily:
- 0.618 fib confluence on retracement
4hr:
- double top
- entry on simple break and retest of neckline
- "w" formation
- possible move to retest neckline
Weekly:
- "M" formation
- retest of neckline (fib confluence)
- expecting continuation down
Daily:
- 0.618 fib confluence on retracement
4hr:
- double top
- entry on simple break and retest of neckline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.