Break of downward trend line. Retest of EMA in 4h chart.
Consolidated for a while and formed a wedge pattern, broke out and retested just now. Seems good to go up again.
Break of minor resistance and breakout of wedge pattern.
Breakout and retest of either triangle or resistence (trend line). Broke EMA in 30 min chart before but managed to get back up again and now retested EMA and got rejected immediately.
Breakout and retest at 100 EMA in 5 and 15 min chart.
Retest of consolidation with couple of hammer candles in 15 min chart.
Breakout and retest happend.
Unfortunately missed the entry, will look for entry in 5 min chart -> 5 min chart retracement back to 100 EMA = short opportunity
Will be looking for breakout, think its going to happen to the downside but will be cautious, also watch for 100 EMA in 30 min chart (if short).
Used correction back to 100 EMA to enter short, after i missed the initial entry.
Most basic Fib tool applied - under the speculative assumption that this advance from Feb 2016 was corrective ( in the big picture view ). Careful, this is just an idea we have to keep in the back of our mind, price could just as well have another advance above the yearly high - before a typical Summer correction ( " sell in May " idea ). Main point I want to...
FED Speech in a few minutes :)...
Let's go back to last unfilled gap :)....
We are entering inside a warning zone, so, we must take care (eventual trade cancellation). I'll keep you updated about new observations.