Still waiting for this to confirm a lower high and start of the reversal to the downside.
This could do a small up turn the carry on with the small term downtrend from the lower timeframes
Maybe start of a new wave, this could be the pullback of wave 2 - 3 then impulse wave 3 - 4 will start.
Higher T/F this is a downtrend. looking at price action. These are the key areas I'm keeping an eye on.
Daily T/F definite downtrend. looking at the fibs and major key areas. this still has a little more to drop before we see any signs of reversal. short Term, this is the area I'll keep an eye on. Share your thought. :)
Wait for the break of trendline and retest for the move up. In the meanwhile trade safe.
This is trading in the last down weekly candle. i think a fake push up to mitigate some liquidity and then drop.
Hasn't retested the breakout of the trendline, so could come back to retest then drop.
It's rejected three time on that daily resistance, didnt do a HH. Think one more drop to -0.27% fib then start the trend up.
Approached a very strong yearly resistance zone. will it break and continue? It did go above this morning but fell back down again. See the daily chart. I don't know how to load two charts up. Still very new to thi. What are your thoughts?