Weekly Fib (white) Daily Fib (blue) 4hr Fib (orange) Weekly support Daily resistance 4hr 200EMA 4hr 800EMA Clear Downtrend on Daily Clear Downtrend on 4hr
Buy Confirmation (1): Break and close above Daily resistance, 4hr 61.8% fib, daily 23.6% fib This would also break the lower high/lower low structure and negate the usual correction pullback to the 4hr 61.8% fib level.
Buy Confirmation (2): Daily rejection of weekly support and fibs in that area creating a double bottom
Sell Confirmation: Break of weekly support, fib levels and 4hr 800ema to target previous swing lows.
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