This idea is based in the Fibonacci Speed Resistance Fan for trend lines.
As could be seen in the chart, the current down trend (B-C) breakout the previous uptrend (A-B) 61.8% Fibonacci speed resistance.
On the other side, the down trend line (B-C) is still below its own 38.6% its Fibonacci speed resistance, which makes me believe the down trend will...
If the down trend line breaks the support, I would go short.
In the other side, if there is a breakout of the resistance I would go long.
There is also the possibility to the market stay between the support and resistance zone for a while (accumulation zone), in this case I would wait until breakout of support or resistance.
