hello all in this analysis i have chosen to use rsi pivot monthly pivot levels, fibonacci retracement for entry and fib extensions for tp. as we can see rsi isnt overbought but we had a clear rejection of the 50 fib on friday. the whole box is the 50-618 level. we will look for price to continue down to monthly s1 or s2 where the extension levels line up nicely. where we will look for a long play
Trade closed: target reached:
I am happy with this week's results let us close and observe for next week