


dsfx1
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Looking to drop back down to the bottom of the wedge, will be keeping a close eye on this just in case we whip back up after dropping.
1
Awaiting to see what happens here: - We could either have a break of the current market structure to the upside roughly around the -1.272 fib retracement of the previous leg to the downside (maybe slightly less due to market structure). OR - A break below the CTL and a continuation of the bearish momentum to the downside. We should be looking for a fib extension...
1
SHORT Based off previous structure (support & resistance), a descending channel, Fibonacci confluences, fundamental analysis and psychological analysis (interpreting what other market participants will do).
1
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