Trying short next week.
-On the daily we are still in a downtrend following a possible Gartley pattern and in overbought territory.
-On the 4h time frame we can see a retracement back to the 61.8 fib with a double top and also an RSI divergence with an overbought stochastic.
-On the 1h time frame we see an extension from the bottom to the 161.8 fib
-On the 4h time frame we can see a retracement back to the 61.8 fib with a double top and also an RSI divergence with an overbought stochastic.
-On the 1h time frame we see an extension from the bottom to the 161.8 fib
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.