Short

Possible Fibonacci downwards channel BEAR

Updated

As I said above a fib tunnel is forming. There is also a bearish divergence is the RSI, that can bring us to potential lows and in the 8800 resistance range before a potential trend reversal. That being said please manifest extra care as a break is imminent. I believe chances are 60 % downward and 40 upwards. We will see. There are several Bear factors at play and several indicators on sell.

Trade closed: stop reached

Well, my calculation was correct and market naturally went down. But Whales fucked the day, and manipulate the price in the most ludicrous way.
Sorry. Big bulls decided to swing the tide up.
Technical Analysis rules doesn't not apply for goldheads. Hope you had tight stop loss.

adrian_marc

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