Green parallel channel inside of a larger yellow parallel channel.
We have a completion of a 5 wave pattern, with price extending further past the 23.6%, but still respecting the 100%.
With stops above the 100%, we should see this move down to the 78.6%.
We have a completion of a 5 wave pattern, with price extending further past the 23.6%, but still respecting the 100%.
With stops above the 100%, we should see this move down to the 78.6%.
Comment:
EDIT: When I say 100%, I mean 0% on the FIB
Comment:
Head and shoulders on the daily with price hitting a resistance level. Best entry along this level because at the break of the neckline we may see a drop and then price pop back up across the neckline.
Comment:
We can see a break back below the trendline. The blue line on the 1hour is a support/resistance zone that we may see price go back to before making the drop.
Let's see if price hits the target.
Let's see if price hits the target.
Comment:
Additional short triggered
Trade closed manually