Razorsedge1889

#RDSB next stop 1030 before a rebound?

Long
LSE:RDSB   ROYAL DUTCH SHELL PLC 'B' ORD EUR0.07
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Not 100% certain with this one, but it looks like #RDSB downtrend may be heading to 1030 area which is the 0.786 fib from the March low to the April high. Closing price Friday at 1080 appears to be a double bottom and could be a reversal signal, but I am targeting 1030 and a bounce off the 0.786 fib for a run at 1140 area and above it it goes to plan. Happy to get ideas from others as this does not look like a perfect setup and i am just testing it to see if others spot things i have missed (quite likely!).

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It just bounced off of 1020 and finished the day under 9960 which was an important level it first recovered to in March, very bearish
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