- Weekly rejecting broken channel
- Weekly rejecting $64.50 prior zone
- Weekly Fib 0.618
- 4hr showing lower highs and lows now.
Entry will be a weekly close below the Fib 0.618 level and . Or I will enter short on the next lower high on the 4hr timeframe and anticipate the break of the 4hr 50EMA.
A full breakdown of this trade can be found on my blog via the link below: