Price has reached a possible supply zone. Waiting for price action to show signs of rejection for a short move
We can expect a pullback to the most recent supply zone before price sells into previous demand zone OR major support level.
price may pullback to last supply zone before selling. 1:7 R:R ratio
A symmetrical triangle has been formed. Waiting for entry after break and retest to either the upside or downside.
Price has tested freshest supply zone. Prepare for short position
Possible head and shoulders forming. Price could go long to test supply zone and complete the formation of the right shoulder before going Short.
price could go long to test supply zone. Short move afterwards back to demand zone.
Lower highs and Lower lows confirm downtrend. Fibonacci golden zone has been tested. SL at 38.2% level. TP at 100% and 127% levels.
Downtrend confirmed by Lower Highs and Lower Lows. Fibonacci Golden Zone has been tested. Moving average cross has also occurred for further confirmation. Targets at 100% and 127% Fibonacci extension levels.
Fibonacci golden zone has been tested. Look for long positions with targets at 100% and 127% Fibonacci Extension levels ;)
Lower Highs and Lower Lows confirm the downtrend. Fibonacci golden zone has been tested. Take profit targets at 100% and 127% Fibonacci Extension Levels
Price has tested the golden zone on the Fibonacci retracement. Sell has already begun but entry is still possible for the finishing leg to the 100% and 127% levels on the Fibonacci Extension.
You can enter the sell to golden zone and buy after price tests this zone. Golden zone is also new support level waiting to be tested.
Short position from Fibonacci retracement to golden zone/new support level. Look for long positions after support has been tested.
Price has tested golden zone on Fibonacci retracement. Look for short positions with targets at 0% and -27% levels