Price has been in an uptrend channel since May
It has broken the uptrend line and is now retesting it
This retest is the top of the downtrend channel that began in September
- Price is also at the 61.8% (golden ratio fib which is a a major point of reversals
Price is at a confluence of the downtrend + structure (Resistance)
It has broken the uptrend line and is now retesting it
This retest is the top of the downtrend channel that began in September
- Price is also at the 61.8% (golden ratio fib which is a a major point of reversals
Price is at a confluence of the downtrend + structure (Resistance)
Trade closed: stop reached