buy at 50% fib its the right shoulder of a H&S pattern so a long term entry.
Could be an inverted H&S pattern. But at the AB=CD level i take profit. It may retrace there to the neckline.
Strong support/resistance level. possible inverted H&S pattern
If price gets rejected from 23.6 fib we may see a temporary continuation north. If price breaks wedge down we may see continuation south. If the fib gets tested Wednesday i will buy. The level is a price action level.
i believe we could be in for one last push down at this level, 109.90..
if level breaks i look to close at be. sl above last swing high.
corrective pa. possible bullish continuation. some spikes already formed to the down side..
At retest of the TL at 61.8 fib and previous resistance.