Description
⋅ D1-
-09/03 to 20/03 Fibo Retracement seems to can´t pass the 38,2% level, with good chances to gain some resistance at that point
- Not very well defined, but we could watch a Dark Cloud Cover candle pattern at price 1,09700, on day 21/05 and 22/05
- The Stochastic can´t reach the 80 level, so there is some probability to the buyers to get some strength, let's see
H4
- The last Fibonacci expansion seems to get completed at 23,6% level
- It´s possible to see a bearish engulfing candle pattern at day 21/05( in concordance with dark cloud cover at D1 graph)
- The Stochastic is already at level 80
H1
- The Stochastic is already overbought
- The Fibo already reached the 23,6% expansion leevl( the called take profit zone)
- It's possible to see a Tweezer Top Bearish Candle Pattern
I will sell it at H1 time frame for now, in conformity with the general trend ( lower risk)