Many reasons to look for retrenchment to 85. Head and shoulders, Butterfly, major brake out looking for retrenchment to bounce more up. RSI and some more things come together. Lets try to use it, don't loose to much trying =))))
Lets see what brake out or bounce down is waiting for us. Always wait for confirmation after brake out. Was nice fat win on going up.
If butterfly coming we can long it all the way up and look for short, If brake comes down look for the bounce as confirmation it's going down. Good luck traders =)
This brake down almost formed bat pattern, might be good way to find nice impulse move if all goes well.
Lets see if this will go as planned
Can be going long here and changing trend
Maybe going short here. Lets see if pattern completed
Price action should have a nice push up in next couple days to complete this pattern
If this butterfly formed we will have very nice stop loss.
We have channel plus maybe fibs, believe Mr.Price would like to hit .382 after small pull back
Keep in mind that bat can form on daily. Base trades around this