The 15min, 1h and 1D macd are in neutral position.
Daily stoch rsi is in overbought territory
4h macd is bearish
The huge volume spike on "a" indicate a corrective pattern
There was no clean breakout of the trend chanel despite of it
There is a smaller triangle developing within this larger wave 4 triangle
Nearing the end arround fib .382
Hence most indicators aligning and pointing south.
There is a mild possibility of an upward breakout with target at 309
Place SL accordingly.
Current PA is a good short entry.
Intermediary targets at 185, 164. Others at 107 and 80. Those beeing also reversal point and potential long entry.
Daily stoch rsi is in overbought territory
4h macd is bearish
The huge volume spike on "a" indicate a corrective pattern
There was no clean breakout of the trend chanel despite of it
There is a smaller triangle developing within this larger wave 4 triangle
Nearing the end arround fib .382
Hence most indicators aligning and pointing south.
There is a mild possibility of an upward breakout with target at 309
Place SL accordingly.
Current PA is a good short entry.
Intermediary targets at 185, 164. Others at 107 and 80. Those beeing also reversal point and potential long entry.