The main key is confluences of movement.
We can see in bright blue a potential ABCD short at the 1.27/1.382 movement.
There is also another green ABCD short opp at 1.27/1.382 movement.
Green 1.27 and Blue 1.382 meets confluence.
Both ABCD has perfect 61.8 retracements.
That that level we also see previous from about a month ago - red dashes.
You can also see downtrend swings with 3 equal movement. if it decides to reverse, then we might see another red movement as indicated on the ride side of screen.
My stop is .5% from green 1.382 levels. If i'm wrong, I'm wrong. R/R level I didn't even bother counting but it's on our side.
Target 1 is Yellow retracement the AD leg of blue ABCD @ 38.2.
Target 2 is 61.80.
It would be great if a pattern emerges in the next few days for a short.
One thing that worries me is those icons of flags on the bottom of the screen. Is that news coming out?
What do you guys think?