We are touching resistance + a fib in a monthly downtrend. After seeing a healthy retracement we can look for shorts IF and ONLY if we see the 4H and fialy structure give us a green light.
TP 1 will be the prev low structure and TP 2 would be the extension.
TP 1 will be the prev low structure and TP 2 would be the extension.
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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.