Nehemiah23

Nehemiah23

As we can see structure has been broke so we wait for pull back to be complete and look for price action at 38.2 to sell to our first TP at -27 which is the next impulse down

Nehemiah23

H&S pattern in the making need to see a retest and then we can take short opportunities based on price action or you can buy the pull back but overall short

Nehemiah23

as you can see we have an ascending channel but inside the channel we have a descending channel overall we bullish but we need to see price break above the grey zone and retest to go to weekly target

Nehemiah23

Right now price Is currently at a resistance after completing that double bottom which is also the neckline of the recent double top we had now we need to wait for price action, if your looking to sell wait for a bearish confirmation and if you looking to buy wait for break of that resistance when then will be support Always have two plans and react to the market

Nehemiah23

think a head and shoulders is in formation

Nehemiah23

I’m looking at GU to go up cause based on my fibs it’s can go up 38.2 fibs and that’s exactly where my 10SMA is and on top of that previous HL is there also