We came to a resistance zone and now we are looking for a lower low.
We see a pullback. We have to break the trendline to the downside on the 1H to go lower again. If we break the resistance zone to the upside than we watch the zone around the 78.6 fib lvl to go short again.
We came to the fib lvl 78.6 and touch the resistance zone
We completed the elliot wave upward. On the 4H we want to see a touch to the trendline to go back down. On the daily we want to see lower highs to change the trend.
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