WayNelsK
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chartpattern
fibonacci
indicator
trendanalysis
waveanalysis
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I will be looking for short entry in the marked region just above price. This is based on confluence of fibs & descending channel.
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Entry of the Short position in the red arrow area (fibs golden pocket).
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The area around the green arrow is where I am looking to open a swing position based on long time frame analysis. This area appears to have key horizontal levels including POC from volume profile as well as golden pocket (fibs). Locally I am looking at the area around the red arrow for a short term short position based on local time frame analysis.
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