Monthly, Weekly, Daily Downtrend. Weekly correction to the 61.8% of monthly range. Daily correction to 50% Weekly range. Imbalance (orange boxes) to be filled at some point, not necessarily right now.
My entry is tentative as usual. 4hour institutional action as well as Daily imbalance. Happens to be 85% Fib above consolidation and double top. For now, I personally will only be looking for shorts and waiting for good opportunities whether or not a buying opportunity opens up because of the strong downtrend. Will update as week goes on.
My entry is tentative as usual. 4hour institutional action as well as Daily imbalance. Happens to be 85% Fib above consolidation and double top. For now, I personally will only be looking for shorts and waiting for good opportunities whether or not a buying opportunity opens up because of the strong downtrend. Will update as week goes on.