1 year trendline broken on higher time frame, I think its time for another fall after retest.
Ascendling triangle Support+fib line up Countertrendline broken
Monthly Support + 0.618 fib overlap Solid weekly uptrend 2013 trendline touch Stochastics divergence Buy the breakout
We might see an unlikely bearish breakout as well which in that case i we would wait for the channel line bounce for a good buy opportunity.
Pretty self explanatory chart, short after the retracement to previous support.
Stochastic overbought, Major support acting as resistance which perfectly lines up with 0.618 fib retracement. Better to act more conservative and sell the breakout.
Resistance retest to form a potential head and shoulders pattern combined with the trendline break ?
0.77510 support which also lines up with 0.382 fib level is held by a doji
I would expect a fall down to 25.50 after the neckline break confirmed.
Must be careful considering how close its playing by the support level