januko

januko

With more probability of a reversal and so bullish breakout, this diamond is in their last moments, even though, a bearish breakout is possible too

januko Updated 

After the double top, we see the bearish regular divergence both in MACD and RSI (and both in 4h and 1h, solid time frames). If we run the Fibonacci, this last retracement should end in 0,5 or 0,62 so i recomend a higher stop loss if entered at 0,5. Since then, price is expected to decrease at least until 1,61 Fib.

januko

After Elliot Wave Impulse has finished, correction cames in the form of a symmetric triangle, once finished, trend is expected to continue. Be vey careful, symmetric triangles can break both sides, so think of a a tight and correct stop loss.