H&S w/ retest fib level 0.618 tested, Descending channel resistance tested, Ascending channel resistance tested and RSI over bought
Ascending channel broken with retest, descending channel tested , 2 fib 0.618 levels tested and RSI over bought
Head and shoulders with 2 restest
2 major supports tested
head and shoulders
-Potential short if: -Double top is retested -And bounce off 0.618 is definitive
Short fib 0.618 reversal plus 2 resistances retested with bearish pin bar.
we should start seeing a bullish price movement.
fib 0.618 reversal
rising wedge break
bearish triangle break with retest
triangle formed bearish breakout price will fall
bullish triangle breakout
Based on my analysis this nice formed wedge will break and possibly be a bullish or bearish breakout
We see a third bounce on the downtrend, a retest on are now new resistance and the Fibonacci 6.18 is also tested.
