Looking for a bearish reversal after completion of measured move up.
Note
Price completed another move down from channel top. Currently looking for a break of channel support.Note
Expecting a 38%-50% retracement back to prior channel support before a larger move down.Note
Price has now pullback to below channel support at .5 fib retracement level.Note
Currently looking for a breakdown.
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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.