Great bounce from 61.8% and the roof of channel. This may be the start of a downwave. If green trendline is broken down, sell every pullback. It's possible that 61.8% is visited again. If it does, wait for bearish PA and sell targeting bottom of the rising channel as a main target.
Note
Wait for price to pullback, look for bearish PA and sellNote
Starting to see start of pullback.Note
Wrong chart above, Starting to see start of pullback to sell areaNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.