Green line: 1: Down trend of counted and
2: 4hrly resistance and support
Purple line: 1: weekly resistance and support line. it has a strong effect on determining reversal or continuation.
2: to be completed with the b to c waves likely
Brown callout: 1: to be completed likely and
2: areas of fibonacci clusters aligning with resistance and supports of weekly and 4hrly charts
how to trade:
as usual, use nice entry technique. may be a double or triple top, if need be to go to lower time frame for clarity, please do and most important with divergence.
dont forget your risk to reward ratio. you could alter to suit you or the market flows.
if there is any alteration in the trade, i will make the update.
wishing you luck.