Rising wedge bearish
Lots of divergence.Stoch almost overbought.We wait for entry (short) when at least 2 of following indicators cross their resistance lines. MFI,CCI,MACD(GOES NEGATIVE) or ADX (-di crosses +di). Also possible target prices near 69.5 (o.5 fib retracement) and if we break the above level we go for 68 (0.618 fib retracement).If we have a break of the 0.618fib we possibly might go for a bearish trend. Also note the 89fib time zone which is near and gives us a possible price change.
Lots of divergence.Stoch almost overbought.We wait for entry (short) when at least 2 of following indicators cross their resistance lines. MFI,CCI,MACD(GOES NEGATIVE) or ADX (-di crosses +di). Also possible target prices near 69.5 (o.5 fib retracement) and if we break the above level we go for 68 (0.618 fib retracement).If we have a break of the 0.618fib we possibly might go for a bearish trend. Also note the 89fib time zone which is near and gives us a possible price change.