Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Pennant/Falling Wedge
4. 1st Take Profit will hit the key Impulse of the massive sell (Some resting sell orders will be there hence pushing the price down which would
create a breakout and retest of Head & Shoulders formation) - Note that the 1st Take Profit Level is also at Fibonacci Expansion Level 1 (Grey Zone)
which is good for safe take profit
1st Take Profit: 3.0000
Re-Entry: 1.9000
2nd Take Profit: 4.1000
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