Double top. If fails to close above the trendline will be looking for a sell.
Rejection of trendline, 50ema and lines up nicely with 0.786 fibonacci.
Rejection of both ascending and descending trendlines and 0.786 fibonacci.
Looking for clear rejection of the descending TL and the 0.786 fibonacci.
Looking for pullback to trendline and 50ema, which lines up nicely with the 'golden pocket' area of the fibonacci. If this plays out, will be entering a short for this.
Short term sell for this. Looking for a move back to the trendline and 50 ema before further upside movement. Hit resistance on the 4hr and 1hr
Several rejections of the yellow resistance area, rejections of the descending trendline and 200sma. Lines up perfectly with the 'golden pocket' area of the fibonacci.
Rejection of 50ema on 4hour Break and retest of trendline
1 HOUR TIME FRAME - Rejection off the 50 EMA - Rejection off the 0.236 Fibonacci - Several rejections of the ascending trendline 4 HOUR TIME FRAME - Previous 4 hour candle had large wick rejection off the trendline Possible retest of the trendline
1 HOUR TIME FRAME - Multiple rejections of trend line - Rejection of the 0.786 fib - Previous hourly candle broke but failed to close below the 50 EMA