obeyandrewk

obeyandrewk

Higher timeframe downtrend (trendline) accompanied by a double top and a pinbar candle. Also the next candle currently is bearish hope to close this way. Then we would get a evening star pattern. This would indicate a short potential.

obeyandrewk

could look for a spike down to the 78% fib to then shoot up

obeyandrewk

Just to reiterate, Looking for price to push up into the fib level and wick or push up into the zone before taking shorts. I have placed a limit order on this area and I will come back to potentially place more orders hopefully some instant market execution orders. If I do want to place IME (Instant Market Execution Orders), I'm looking for price to reject the Fib...

obeyandrewk Updated 

Take profit would be at the 382. fib level because that was were the recent noise at that area looking left. It does go a little against what I was looking for but the pin bar which touched the 618. fibonnaci level seemed to be a strong enough signal in my opinion to take a long trade to the upside.