Price previously formed a double top, once it equaled to the support line price broke down to create new lows. Multiple Confluence within the 38 level as a target of interest. Support created a 2nd tap with fib levels lining up correctly.
- Support lined up with daily 618 level.
- Drew a fib within a fib (bearish to bullish) and 38 levels sparked an area of...
Didn't pay attention quick enough. I noticed the support but it was only 2 taps. It was actually going to respect the 3rd tap and then short. Rather than shooting up for more upward movement. I remembered that this is an overall bearish trend. Next time pay attention to the S/R for 2nd and 3rd taps. You got this
WILL LONG WITH MULTIPLE CONFLUENCE THAT IT WILL HIT between -27 and 68 from multiple bullish fibs. Weekly/Daily shows it wants to test trendline one last time before dropping once again into a bearish movement. Lets see and find out!
DOING 1/3.5 RR for a 80 TP!