W 1 - Price broke below 61.8% and it is now re-testing this level. We are after sells in the longer term.
D1 - Trend line, Fibonacci Retracement 23.6% and 61.8% Fibo Expansion, they all come to the same zone. Will that be enough to stop this rally? Let's wait and see. What we know for sure is that we want to pay attention to this level.
H4 - Divergence already forming. We are inside the strong resistance range. There is a new updated up trend line that we are following.
Conservative Approach - Double trendline breakout principle or wait for the trend line and most recent low to be broken down, then short pullbacks.
D1 - Trend line, Fibonacci Retracement 23.6% and 61.8% Fibo Expansion, they all come to the same zone. Will that be enough to stop this rally? Let's wait and see. What we know for sure is that we want to pay attention to this level.
H4 - Divergence already forming. We are inside the strong resistance range. There is a new updated up trend line that we are following.
Conservative Approach - Double trendline breakout principle or wait for the trend line and most recent low to be broken down, then short pullbacks.