lower high and is having trouble breaking that resistance once again... looking for it to get back to its lows btc at lows or watch for a break of low stop just above high in middle peak .7520 GL
now looking at daily we see we are stuck in between this rectangle consolidation since the start of the year we have bullish divergence on MACD and RSI looking to reach top of rectangle consolidation which also lines up with the fib extension level at 1.17 where I expect major resistance (if reached look for b/o or short if not broken)
I have three charts on EU lets take an overall look first and then zoom in we had a strong move up recently could be looking to retrace here however downward channel still in play so long term I am short
@Phil nice head and shoulders at an all time high keep an eye on SPY bearish divergence on RSI and MACD on weekly chart
looks to be starting new downtrend there was bearish divergence on MACD as more confirmation of new downtrend
has a double top with second high lower than first look for entry at fib .5 or .618 fib level for optimal entry short otherwise play break of support
looks to be starting new downtrend there was bearish divergence on MACD as more confirmation of new downtrend look for entry short off fibs
@chim double top bearish divergence and its riding the support line