I'm going to do a few of these charts today. For now, this, based on fib. levels, trend lines and formations. Its not a trading advice but a means to plan for the shorts and where to go long.
not looking good. I would wait\stay out of it, to take this trade.
Note
Just notices the 8 hrly indicator on the Phoeix, both RSI's are looking to go above 50%. another hour and 17min left for this candle to close. If it does, it is a bullish sign. I would also like it to break that downward sloping resistance, before I jump in.
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