Lets see how this plays out. Looking to sell to the 78.6 on an engulfing candle, and buying to the take profit zone up north. Just an idea anything can happen :O
Price is at a major level of resistance right now and is looking to be corrected to where I have my TP. Entries can be now, on a trendline break or break of structure.
Awaiting break of minor support and retest of support to sell.
Watching for break below either areas where the arrows are pointing.
Go short on bearish candlestick formation after break of trendline.
Lets see what happens. Trust your analysis and change accordingly if it doesn't play out as planned.
Long possibility on the 50% roughly...to go to where take profit is
I would sell on the retest of the yellow box.
Price was rejected once again from a major level of structure seen on the monthly, weekly coming down. The upward sloping trendline was broken and is now being retested at the 61.8% fib level. There is also a head and shoulders pattern setting up, will take this on a bearish momentum candle.
RSI divergence and rejection of resistance zone twice, waiting for confirmation to sell, potentially on a lower close candle
Could potential go down to the 127 fib extension or further
Short term shorting opportunity If we can break support level at 1183.330 we can hold our positions to the next key support level. The 1183.330 is a great place to take off profits as it lines up perfectly with the 127 fib extenstion.