My reasons for short.
1:This is an ABCD pattern which is completed.
2:Fibonacci 1.618 meets with structure resistance, where the market is likely to reverse.
3:Negative divergence in RSI which is in overbought territory.
I will looking for short opportunites on lower timeframes. My target will be 184.536.
1:This is an ABCD pattern which is completed.
2:Fibonacci 1.618 meets with structure resistance, where the market is likely to reverse.
3:Negative divergence in RSI which is in overbought territory.
I will looking for short opportunites on lower timeframes. My target will be 184.536.