Price Action confirming upcoming weakness
Should give us a good fall to target if current candlestick remains bearish
no favorable setup as yet. there could be a possible brief long but nothing serious in my eyes
wave 4s always has this sort of sweet spot in an ending diagonal
There are multiple reasons on why I think its a good sell. First off There is a nice head and shoulders formed followed by A completed BAT coinciding with my special strategy! ;-) Follow me on my new Instagram @supertimetrader for new content!
Last leg to complete the triangle easy sell off. Should see the low 85s
3 types of confirmation showing imminent downside? hmmm
in coincidence with my previous post, it seems that we also have a possible completed cypher pattern that can most likely confirm a decent move down
Notice how with every higher high the market makes, the oscillator (MACD) continues to run out of steam. This is called divergence one of the easiest setups in my book. Price action is correlating with my zone of inflection time to sell
divergence with supply and demand in play #SELLL
Simple Support and resistance coincides with the 50% retrace looking for longs in this area
On the monthly chart, it seems to be forming an expanding diagonal on the monthly whhich is set up for a wondeful buy passed the 1.00 mark in the near future. STAY LONG