FIBO extension employed. TP 1 is at 1.618. DOUBLE BOTTOM spotted
hourly tf confirmed with major trend line -- Downtrending double top seen. Will it be filling the gap?
WAITING FOR NECKLINE TO BE BROKEN OUT BY MARUBOZU, THEN THE REVERSAL IS UNSTOPPABLE
INVERSE HNS SPOTTED. THE NECKLINE SHALL BE RETESTED AND THE PRICE SHALL FLY TO TP1 (1.0 FIBO) AND NEXT TP2 (1.618 FIBO).
double top formed. expect more downside if the support broken .
GENERALLY REMAIN BULLISH.
On Heikin Ashi weekly TF, the price rocketed exponentially. Red HA spotted but haven’t confirmed by PSAR. On daily TF red HA supported by PSAR. Once Daily and Weekly aligned (both supported by PSAR) then its 100% short call.. look at 8 October 2018.
If Heiken Ashi and PSAR confirm, off you go peeps Buy Put
Now it just based on the trend. If breakout the above trend line -- highly bullish . IF breaks out the trend line support-- BEARISH