Going short on recent trend reversal and more specifically on this confluence of fib zones.
There is heavy confluence right at our current price point point to a good chance of reversal and continuance of the down trend.
Bounce off bottom of support poised to breakout top resistance.
Taking 10% on this broken consolidation and retest of resistance. Take this to the fib 127% extension.
Strong Volume near 52 week low creating reversal momentum. 8.6% profit potential to the ABCD completion with confluence of the 50% fib retracement, 127% AB extension
