Overall Downtrend on GA, we see a channel being respected with a Fib level at 61.8 ... a bunch of buyers exhaustion on higher timeframes, respected resistance, and lower time frames showing a double top pattern with a bunch of engulfings taking out the buyers
GJ going for the short, we see some exhaustion on the higher timeframe, and obvious downtrend, lower timeframe fibonacci on the 78.2 prz level , we see a descending triangle pattern on the 5m-15m tf, a point c trendline touch
Broken structure to the upside on 4hr timeframe... retest to the 38.2 Fibonacci price reversal zone level... nice sellers exhaustion wicks forming on the 4hr with a nice bullish engulfing candle forming
On the higher timeframes, uj is sitting on the 38.2 prz level in a downtrend. On the 4 hour we see a head and shoulders pattern as well as a break of a trend line , and on the one hour we see a minor break of support. all we are waiting for is the retest and entry for the bearish push all the way to the 111.600 area
On the 1 hour timeframe, UJ broke structure, on the higher timeframe UJ is sitting on the 38.2 PRZ fib level. also has a head and shoulders pattern, with exhaustion forming on smaller time frames. just waiting for a slight retest and an entry down to the 111.600 area
Market in overall downtrend on the Daily, respecting resistance on daily as well as a point c (third touch) trend line touch. waiting for market to exit its consolidation range currently in . waiting for the break, the retest, and then enter.
