On weekly price is in a uptrend making HH and HL. Price also broke through our ascending TL. We also had a strong close below 200 ema indicating a lot of sellers in the market. We also have a MA crossover. Price can go down to 140.00
ill be looking at 3 areas where price might go short.
1. 1.4500 which lines up with my 50% fib retracement level.
2. 1.5000 which also lines up with my 61.8% fib retracement level.
3. long term descending trend line.
I have also indicated with the arrows the important levels/reversal level.