Fib confluence at green box alone with a ABC pattern. Looking for a sell confirmation.
Possible double top, doji candle, or lower low lower close
1. up trend
2. fib confluence
3. stoch undersold
4. wait for a conformation candle to the upside
We are in old support area which is now resistance. There is a fib confluence at the now resistance line that is 0.5 & a confluence 1.414. We also see that stoch is overbought