On the daily we came to the fib lvl 78.6 and we went down. Is this the time for a big downtrend? On the 4H we see a breakout and a retest to the trendline. This is a good setup to go down
We want to see if we can complete the harmonic pattern and go bullish from that point.
We completed the elliot wave at the fib lvl 61.8. Now we are going down to the the support zones
We complete the elliot wave at the resistance. If we break the resistance and the 4h candle close above the resistance than we go long. For now we are going short with the stoploss above the resistance
We catch some support around the fib 0.5. We are long in this.
This was a good sell because we came to the fib lvl and a retest to the trendline
We came to the important fib level 78.6. This is a good point for a sell with the stoploss above the trend line.
the trend is long. Higher high, lower low. Good time to buy goodluck