Rough Head n Shoulders-Like Setup
i like that the newly formed resistance trendline is in nice confluence with the 61.8% fib retracement from the most recent swing hi to low. in addition this is also in confluence with a clear supply and demand zone that price does repond to.
tp1 is neckline support.
tp2 is a nice -61.8% fib extension that is confluence with 67 market level that has been well respected in past market structure so this seems like a very relevant level for an impulse move.
tp1 is neckline support.
tp2 is a nice -61.8% fib extension that is confluence with 67 market level that has been well respected in past market structure so this seems like a very relevant level for an impulse move.
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