First for the long term we've has an up trend from the start of this year.
Then it started to retrace and it broke through 38.2 with a gap.
Now it has gone sideways in 50-61.8% zone and it has a great confluence with a previous support from April which also was a 61.8 retracement.
In the shorter time frame (4H) we can see a head and shoulder pattern forming -...
