Possible move to the downside. Currently testing the 0.786 fib on a daily TF. Also, it is forming a H&S pattern.
its forming a Bearish flag pattern and It might go down soon.
Might go up again to create another right shoulder(Currently H&S patter being formed) before going down.
Too many confluences, First, Retesting of broken trendline. Second, currently between 0.5 and 0.618 fib on a daily TF. and lastly creating H&S pattern.
Currently retesting the previous support and exactly in 0.618 retracement on a daily timeframe. looking for entry at this area.
Currently Sitting in the support zone. if this broke, I'll be looking for short on the retest.