1. Firstly we have a downtrend
2. Price is currently pulling back to test the trend line.
3. We have confluence with the 61% fib.
4. I am seeing a few small body/long wick candles around this area rejecting the resistance.
Will wait to see how the daily candlestick closes and if it provides further confirmation with a doji or a shooting star candlestick I will short.
2. Price is currently pulling back to test the trend line.
3. We have confluence with the 61% fib.
4. I am seeing a few small body/long wick candles around this area rejecting the resistance.
Will wait to see how the daily candlestick closes and if it provides further confirmation with a doji or a shooting star candlestick I will short.