possible short trade
3rd touch on the upper resistance trendline
multiple rejection candlestick pattern
bearish pennant pattern expecting further downward movement and a possible breakout to the downside
retest of the horizontal support now turned resistance
a confluence of the horizontal resistance and trendline
a possible Golden zone with the Fibonacci retracement tool. a breakout of the 61.8 in the hourly timeframe bt in the 4hr we see price failing to close above the 61.8 Fibonacci level so with this being the case the level is still holding
multiple rejection candlestick pattern
bearish pennant pattern expecting further downward movement and a possible breakout to the downside
retest of the horizontal support now turned resistance
a confluence of the horizontal resistance and trendline
a possible Golden zone with the Fibonacci retracement tool. a breakout of the 61.8 in the hourly timeframe bt in the 4hr we see price failing to close above the 61.8 Fibonacci level so with this being the case the level is still holding
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