lewispitcher
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trendanalysis
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- Above 200 day EMA on all time frames - Uptrend - Looking for a retest on 0.786 fib - Creating Higher Highs
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- In a region of consoidation on H1 (Was in a previous downtrend and waiting to break strucuture and continue this trend) - Slight downtrend - Waiting for fib retracement at 0.786
1
- Below 200 day EMA - Below 50 day EMA - Downtrend - Creating Lower lows and Lower Highs - We're looking for a 0.786 Fib rejection.
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- Below 200 day EMA - Downtrend - Order set at 0.786 Fib - Producing Lower lows and Higher Lows
2
- Wick rejection of 0.786 Fib - Wick rejection of trendline - RSI divergence taking place
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