Overall move is still bearish. But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade.
I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then continue the short. Or it can shoot back up close to the overall trendline before returning down.
And YES, I do believe we are going to see a return to the weekly level for my max TP.
BULL TPS:
0.94094 If breaks through...
0.95180 for bearish harmonic
0.95521 to prepare for next drop
BEAR TPS: Based from current trendline at price...
0.94527
0.94227
0.93688 From the possible harmonic...
0.94904
Comment
[B]BULL TP1 HIT!![/B] I know... late posting the result.
[B]BEAR TP 1 and 2 HIT!![/B] I will be a happy camper if it can get all the way down to the weekly
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