- ( ) pattern on the larger time frame that has complete
On the 4 HOUR:
- We have hidden divergence indicating further continuation to the downside.
- A small is in play. There is also some hidden divergence indicating price may retrace back up for a short time before reversing.
With what we know, this sets up a great opportunity for a 2618 trade.
A entry around the level presents a great risk to reward with extended targets down to the 61.8% fib level on the . We're currently sitting at a kley 38% fib level on the weekly.
Have a great weekend, comments and thoughts are welcome!