Internal indicators are signaling this to be a bearish
move in a primary bullish
market. ( ADX
is slipping as the negative directional index rises with no crossover) and (the RSI
remains in a bullish
zone for the primary trend)
As long as this 61.8% golden ratio holds the pattern remains bullish
. It will be a tough fight along this line.
Protective stops are placed. The red trend line
becomes support if the 61.8% fib level breaks.