AU us now bouncing from a selling area, it has a nice Gartley within a Ascending triangle if the down pattern continues its a good opportunity for a short, there are 2 frontiers to be broken:
- The ascending support line and
the selling zone existing since July 21 Based on your risk aversion you can take it in 3 points:
- when the down trend continuation were confirmed (High Risk)
- When the uptrend support were broken (Mid Risk)
- When a candle (Hourly or 4 hours) close outside of the selling zone (Low Risk)