Multiple T/Ls and 38.2% and previous S/R zones coming up soon for possible bounce
If price would drop to 23.6%, which is also previous S/R, could be a great place to go long..IMO
Could be an inverted H&S developing on the daily (claerly looks very bearish)
Price hitting daily inner T/L...Possible scenario on chart
Also breaking 38.2%..Possible scenario...maybe wait for drop and then retest of N/L for possible short
A little lower to previous S/R then Rally to upper T/L then lower, then retest of previously broken lower T/L of triangle, finishing at 23.6% and previous S/R
Looks very bearish, but at 1.618% and previous S/R zone...just an observation
on 3rd touch of 4hr T/L and 50% and previous S/R zone
Rally to 38.2% and previous S/R and T/L then lower
Price hit previously broken T/L and 23.6%
Getting very close to daily 200ma, possible drop to 78.6% and previous S/R zone, then higher
Test 38.2% + previous S/R + hourly 200ma
possible drop to 23.6% and T/L and previous S/R zone
Move to T/L (top of triangle) for third drive, and push above 38.2% then to lower portion of triangle
I just noticed the rejection of this daily T/L and 38.2% just above and previous S/R zone
+ prev S/R zone + has broken monthly 200 SMA + Monthly T/L above, if hit could be a LT 3rd drive for a possible short