We see here multiple areas of confluence. We can clearly see a nice fibonacci retracement on those levels with a triple top on that resistance level. The price is below the 200MA, 50MA and is about to be below the 21 MA. The DMI is about to become bearish. And the last level I’m looking into is the mini trendline that we have.
What do you guys think of this setup?
What do you guys think of this setup?