This is a NICE set-up.
This weekly chart shows price staying and respecting the trend lines in the channel.
The stoch is over bought which also indicates to sell.
In terms of Elliot waves it is fitting this format too for a sell.
Make note of two previous resistance lines I’ve marked on the chart. I feel price will fall to somewhere around this area.
This is the perfect time to enter a sell once the smaller time frames are analysed for a more precise entry point.
This weekly chart shows price staying and respecting the trend lines in the channel.
The stoch is over bought which also indicates to sell.
In terms of Elliot waves it is fitting this format too for a sell.
Make note of two previous resistance lines I’ve marked on the chart. I feel price will fall to somewhere around this area.
This is the perfect time to enter a sell once the smaller time frames are analysed for a more precise entry point.