Daily:
Bias Bearish, Price came back to 50 fib, formed a large evening star.
4H: Ascending wedge in a bear market, high rpobability of breakdown. Came to daily 50 fib and rejected, breakdown formed weak daily zone, strong 4H zone.
61.8 Fib lines up with previous EQ level and 4H supply.
SL a little higher than normal to allow for previous wicks and second 4H supply. tarhets weekly demand and daily demand within.
Bias Bearish, Price came back to 50 fib, formed a large evening star.
4H: Ascending wedge in a bear market, high rpobability of breakdown. Came to daily 50 fib and rejected, breakdown formed weak daily zone, strong 4H zone.
61.8 Fib lines up with previous EQ level and 4H supply.
SL a little higher than normal to allow for previous wicks and second 4H supply. tarhets weekly demand and daily demand within.