Fib 50 retracement and bearish move
Updated
Price is forming a small downwards trend to a pre-existing major ascending trend line.
The minor small pink trend line has a bearish bar forming outside.
RSI is close to the over bought.
I would like to sell the position down to the trend line. The projection of the trend line coincides with numerous levels of Fibonacci confluence.
The minor small pink trend line has a bearish bar forming outside.
RSI is close to the over bought.
I would like to sell the position down to the trend line. The projection of the trend line coincides with numerous levels of Fibonacci confluence.
Note
Broken out if trend line and still respecting main.
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