A lot going on here, both technically and fundamentally. Any trades taken will look to move stops to entry for risk free trading ASAP given the volatility of election season and Covid resurgence. We cannot control any fundamentals, but we can control our risk management.
Firstly, on the weekly we can note the potential wick rejections forming a Double Top.
Drilling down to the Daily, we can see the descending channel and also the current area is very much a no trade zone where price needs to decide it's next move.
Close below support and grey zone on the daily see's sells to the red line, next support.
Buys on break of the channel and both near term fib levels to retest the 61.8% fib and daily resistance.
Firstly, on the weekly we can note the potential wick rejections forming a Double Top.
Drilling down to the Daily, we can see the descending channel and also the current area is very much a no trade zone where price needs to decide it's next move.
Close below support and grey zone on the daily see's sells to the red line, next support.
Buys on break of the channel and both near term fib levels to retest the 61.8% fib and daily resistance.