Price broke monthly descending channel (waiting for retest)
Price is trading around a monthly Bearish fib.
Head and shoulders forming on H4
Fib Short from H1 to the complete right shoulder, into a fib long.
If the fib long cant break new highs on the H1 then i will expect price to push lower to re-test the Descending monthly channel
my entry is the fib short on the H1 time frame
Price is trading around a monthly Bearish fib.
Head and shoulders forming on H4
Fib Short from H1 to the complete right shoulder, into a fib long.
If the fib long cant break new highs on the H1 then i will expect price to push lower to re-test the Descending monthly channel
my entry is the fib short on the H1 time frame
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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.