Rejected by the 61.8% fib creating a LH and now a symmetrical triangle has formed. High probability of a breakout to the downside. First target @ 144.10 close to key psychological of 144. Fluent with -27% fib.
Currently sitting at TL resistance and structural resistance. Should a clear break of the TL occur, I shall be waiting for a retest before entering long. Targets being 142.0, 143.5 and 145.0. Equal ranges fluent with structure. Should the resistance be respected we could see a shorting opportunity back down to 139 and then 138.
This setup use the following indicator. 1. Strong support and resistance line for both target and entry order. 2. Use price action (PA) on pin-bar candle stick close on daily chart. My setup configuration: Long @ : 136.00 ] [ This come from the GREEN Arrow where price shown strong significant resistance in the past.