We reject 618 fib and resistance to retest the weekly trend line
We clearly reject that zone + 50 EMA + 38.2 Fib
Will we break of reject resistance. Those are the 2 scenarios I will be looking for
we break the counter trend line.You can see a head and shoulder forming on the 4hr on the weekly resistance.
Once we get a clear rejection .We made a nice inverted head and shoulder on the daily
we reject the zones I will show you on the lower time frame
we break the bearish trend line and resistance (6750) and a retest of that structure
On the daily we made a triple top on a weekly resistance + broke trend line
we get a rejection candle on the 50% and resistance. ONLY if we get a rejection candle
we get a nice clear break and maybe a retest
we make a nice rejection candle in that sell zone. DO NOT sell if you dont have a nice candle (doji, pin bar, engulfing) in that zone