Possible Short or Long position
Daily- uptrend
4 hr- uptrend broke/retest for a buy hit a zone and started a downtrend
1 hr- uptrend fib pulled to 23 almost hitting -27
Divergence going down slightly
30 in- Downtrend fib hit -61.8 with a slight divergence going down
. wait to see if it respects 30 min trend line or if it breaks to hit the -27
since it hit a -61.8 could reverse if it respects trend line take TP to zone
if breaks and goes to buy take TP to -27 cant be sure it will go any further
4 hr- uptrend broke/retest for a buy hit a zone and started a downtrend
1 hr- uptrend fib pulled to 23 almost hitting -27
Divergence going down slightly
30 in- Downtrend fib hit -61.8 with a slight divergence going down
. wait to see if it respects 30 min trend line or if it breaks to hit the -27
since it hit a -61.8 could reverse if it respects trend line take TP to zone
if breaks and goes to buy take TP to -27 cant be sure it will go any further
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