maybe short to .382 fib but r/w ratio is not ideal. I'll be aiming to buy the .382 fib.
Legend
Yellow: 1 day TF
Blue: 4 hr TF
Green: 1 hr TF
Grey: 15 min TF
Grey Box: Resistance zone
could potentially short your way to the dip. Risk/reward ratio is not ideal. worth a shot.
Legend
Yellow: 1 day TF
Blue: 4 hr TF
Green: 1 hr TF
Grey: 15 min TF
Grey Box: resistance zone
Whether its head and shoulders or cup and handle, I can sense a dip in the near future. Could dip to .618 or .5. Depending on how many buyers are out there trying to get in. Best to scale imo.
Legend
Yellow: 1 day TF
Blue: 4 hr TF
Green: 1 hr TF
Grey: 15 min TF
Grey Box: resistance zone
EP when trend hits resistance. (Limit orders only). SL at last high. Will scale at .618 and .5. I had a feeling yellow trend line will be tested.
Trendline Key
Yellow: 1 day TF
Blue: 4 hr TF
Green: 1 hr TF
Grey: 15 min TF
Head and shoulders upcoming. Sell at neck with SL at right shoulder. Risk/reward ratio isn't the best. Scaling my buy orders at .618 and .5 because of two supports I see.
Yellow trend line: 1 day TF
Green: 1 hr TF
Grey: 15 min TF
probably bounce to 1.618 from here.
