In descending channel we have a break below support at 114.50 its time for this trade to head towards 112.00
Head and shoulders retest of neckline confirmed with wick at previous resistance area targeting 80.50 but will close early if we struggle to close above 80.00
W Formation rejection at major fib level Rejection off ascending trend line
After the wedge breakout we're looking at a sell position right below the descending trend line.
Reached strong Daily trend line Showing bearish price action on the 4 hour tf in strong supply zone
Demand plus support area broken Wedge fake out then retest and failed again to the downside
In strong supply zone over bought retest of broken trend channel
Strong supply rapidly breached upon Major trendline rejection Possible D completion at major fib level
rejection and major fib level rejection at major daily trendline rsi oversold disgusting risk to reward set up get money traders
Bounce off Daily trendline Tweezer bottoms at major fib level plus trendline M pattern completion signaled by price action