TECHNICAL POINTS:
Daily Fib
4hr Fib
Pennant
4hr resistance
4hr Inverse Head and Shoulders
4hr 800EMA
4hr 200EMA
Buy Confirmations:
Break of pennant, close above 38.2% Fib and neckline of Inv H&S. This would also close above the 4hr resistance and break the 200ema.
Sell Confirmations:
Break of previous lows, 61.8% fib and the daily ascending trendline forming the bottom of the pennant.
Daily Fib
4hr Fib
Pennant
4hr resistance
4hr Inverse Head and Shoulders
4hr 800EMA
4hr 200EMA
Buy Confirmations:
Break of pennant, close above 38.2% Fib and neckline of Inv H&S. This would also close above the 4hr resistance and break the 200ema.
Sell Confirmations:
Break of previous lows, 61.8% fib and the daily ascending trendline forming the bottom of the pennant.
