It seems that the price has comfortably broken above the purple 0.5 fib speed line
Now, on the 1 hour, we want to see the current candle close above 0.9941 to signal a continuation by engulfing the previous bear candle
Keep your eyes peeled!!!!!!!!
Keep your eyes peeled for next few hours.
Breaking of the purple 50% fib speed line could indicate a continuation up and of course breaking of the yellow trend line
would indicate a fall, which is to be expected from most.
So keep your eyes peeled!!!
Currently waiting for price to retest 50% fib line along with the top side of the symmetrical triangle.
Breaking and continuation of these two lines would suggest a sell.
However, a double bottom could form and cause the price to go long.
So, Like I said, we are waiting for a retest, along with any other confirmations from indicators you prefer
***Trade At Your...
Short to green 0.5 fib line at the least
Intersection of red 0.5 fib speed line and downward trend creates strong resistance that now suggest a downward move
It also seems that a butterfly could be forming as well, which would create a potential long.
I posted a short about 6 hours ago. I still think it is a short, it just retraced to the 23.6% green fib line...
Potential Gartley forming on 4hr
Triple top on 1D and 1W charts completed last Friday, July 13th and has been in a down trend since then
50 ema crossed under 200 ema on the 15m, creating more resistance in the short term
