Opportunity to go short
Possible SHORT position, just awaiting for price to break the 0.5 FIB Level.
If price breaks the support and trend line, this shows confirmation for a LONG position in my opinion. However, this is a waiting trade and we have to see if price does break as shown on chart.
Waiting for a confirmation of a retest of the trendline so it can continue the overall trend of going short and reaching target 1. If break past monthly support then I aim for target 2.
Long position swing.