Price rejected the daily structre yesterday. After the rejection it impulsed upwards. Looking like inv head and shoulders. Right shoulder might be between 0.5-0.618 fibonacci taken from the low to the high of the previous impulse. The position showing in here is symbolic. Just expecting this direction if i see a higher timeframe wicks. React after the wicks.
Comment:
Failed to break above the trendline. Huge rejection on 4h to the upside. 4h Higher low and i might look for another long position.