price cannot break above resistance
looks like this exhaustion phase is about to end after a bearish push phase
looking to continue the bearish push after bulls exhausts and creates new structure with a lower high
placing a sell with a RRR 1:3 or will keep milking out profits until I see price exhausting/rejecting an area.
Price made a head & shoulders pattern.
Made a lower low.
I predict that price will climb back out to this wick area where the red arrow is.
That area is also in the fibonacci golden zone!
Looking to place sells there after I see multiple retests / wicks.
Price is climbing back up to a recent broken level.
I want to see a strong hold of that level with multiple retests / long wicks and bullish depletion.
I will either enter after I see a double top or wait until I see a lower high form.
