valleyrandom

valleyrandom

See description in the chart

valleyrandom

Seems that fib. 0.382 is holding for now so prices moves up againg. Also uptrend is still active as you can see in the resistance line. So if price enters purple resistance zone watch it. If it leaves the zone on top, consider a buy. Buying now is also possible but more risky.

valleyrandom

On longer timeframes (H4,D1) you see the strong downtrend. Also price retraces quite reliable at the fibonacci levels. So consider a sell if price breaks the minor resistance line. Then could either go down immediately or first a little bit, then retrace at 0.236 fibonacci but finally fall too. The retracement at 0.236 fib. would just be one more...