We are in a crossroads between major trendlines here.
This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time).
I added some interesting levels and other trend lines aswell.

How to trade it:
Depending on what side of the triangle (bottom / top)
the price is closer to while approaching the 0.764 fib-time,
you can start scaling into the respective trade.

For buys you can wait for breaks of:
  • 231 level
  • yellow trend line / H&S neck line
  • blue triangle top
  • log downtrend (red)
  • 260 level

For sells you can wait for breaks of:
  • apex level 218.33
  • 210 level
  • 200 level / triangle bottom
  • 192 level

Targets are based on projections of the widest distance within the triangle, down / up from the apex.
For the up target the absolute value is used, for the down target the % value.

If you have any questions please leave a comment !
Good Luck ! : ]
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