mmizzles

mmizzles

- Formation of Railroad Tracks - Oversold Stochastic this timeframe and 4H - Oversold RSI 4H, slightly oversold this timeframe Potential scalp to retest 0.236 fib before continuing drop

mmizzles

- Dropped below important support area around 1305 and 0.236 fib - If current support level breaks, expecting price to go down to test next support zone 1280-1285 - Overbought RSI and stochastic, expecting go to retest 0.236 fib before continuing down

mmizzles

- Rejected off major resistance area - Shooting star reversal candle followed by bullish engulf confirmation - Overbought stochastic Expecting to continue drop.

mmizzles

Bullish engulf of previous candle that touches bottom of bollinger band. RSI is oversold. Divergence is present.

mmizzles Updated 

Overall uptrend: higher highs and higher lows. Valid trendline, with 5 touches. May establish higher support level from previous 0.618 fib support. Cup and handle seems to be forming.

mmizzles

Making lower highs after testing resistance (~1.6258). Broke below two fib levels (0.382 and 0.500) and one support level (~1.6024). Tested 0.618 fib and failed to break below. Expecting to retest 0.618 fib and break or bounce.

mmizzles

Overall uptrend. Retest resistance/support levels.