Igetbuckets831

Igetbuckets831

The daily is currently on a downtrend and also closed with a daily bearish pinbar close. If you look at the 4hr, an Head n Shoulder pattern has formed to continue the downtrend

Igetbuckets831

4h uptrend was broken but it also retraced and closed above previous high (red arrow). I'm expecting a pullback between the 38.2, 50, and 61.8 key fib levels to push price up as shown to retest its Daily trend line to the downside. If you want to be aggressive, you can set a buy limit at either one of those key level fibs. If you want to be conservative, you can...