Double / Triple Top M Forming ( Bearish ) Resistance is strong. Thoughts??
Head and Shoulders formed on 1hr and 4hr, has tested and tried this zone several times now, should break and drop further, but depending on news tomorrow. may wait and see. Good Luck
Everything is in the chart. All just my opinion and will be waiting for retest for my entry all the way up. Lots of news Monday onwards for the UK, so trade carefully. Stop loss is the red rectangle just below.
Lots of news coming up Monday, so I would be careful. However with this triangle we could see further downside movement to the bottom of the trend line.
This weeks view off mine. -3 bounce off current 4hr support. -Possible fake out from descending channel -Last touch downwards before upwards break.
Short term I believe this will hit 1820 -1810, for a retrace of the break out. - 4Hr timeframe RSI is over brought. - Fib levels 61.8% is initial retrace target level - Retest of MMA + Trend Line After finishing the retrace I can see a fantastic opportunity to buy in as this will be very bullish. In my opinion.