Hey guys, one more forecast for the week. Here we can that price is moving in an uptrend for a long time. Price couldnt break above the high it created and so began its move down. Price then began to create a correction (bearish flag). Price created a key structure at the 50% retracement area of the fibonacci, indicating a strong structure. as price breaks below this structure AND the long term trend line it stalls. this could mean that bulls are trying to push to the 50% area once again. if price does this (which would be a retest) then this could be an amazing entry for a sell!
DISCLAIMER: PLEASE DO NOT TAKE MY ANALYSIS AS THE HOLY GRAIL AND PLACE TRADES BECAUSE OF THIS. THIS IS JUST A POSSIBLE OUTCOME OF THINGS THAT COULD HAPPEN, NOT THINGS THAT WILL HAPPEN!!!