loomtaylor

loomtaylor

Overall channel continuation until breakout to the downside. In the short term I see a short opportunity completing the C-leg of a Bearish Bat pattern at the 78,6 around the .71890 range.

loomtaylor

It looks like a good idea to short, as there is a lot of factors in play pointing toward a nice run to the downside. A nice daily downward trend line in confluence with channel peak, and 61.8 fib.