We have a potential Bearish Shark Harmonic on the daily time frame. That being said, we are showing Strong Class A Bearish Divergence on the 4 hour time frame. I am not sure on how much selling off that will result in but we definitely have have the possibility of running up on the daily time frame between the .886 and 113% retrace inside the Blue zone. This is where major price reversal is probable.
I'd like to state that FOXA has made it's first higher high through out the trend. We still have other highs to break of course. FOXA has broken out of a down trend we've been in since Inception.
Fib Retracement from ATH's to ATL's also brings us to the .618 that coincides perfectly with the .886 in the harmonic which is also the start of the pc(zone) of the Bearish Shark.
Short Entry between $37.25 and $38.81 - (being the safest entry). Stop depends on the entry, but with an entry at $38.81, a stop at 40.01 would be ideal. Exit targets are between the common retraces but also at Wave B at $34.72
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