UnknownUnicorn3446056

UnknownUnicorn3446056

Price positioned in a order block, seeking to generate a reversal, in confluence with a geometric figure, shoulder - head - shoulder. We are looking for different objectives, with the TP3 in convergence with the bullish trend line. You can see an Elliott wave count, now doing an ABC retracement.

UnknownUnicorn3446056

Waiting for the price to reach the trend line, looking to go back up to 38.2% or 50% as strong areas to continue its fall, with a target price of $58.32. We hope that divergence will be generated within the RSI to validate the momentum. Confluence between fibonacci's retracement and fibonacci's expansion in the target.

UnknownUnicorn3446056 Updated 

Long divergence wave 3-5. Looking for another touch on the bullish TL. Going for targets 100% - 127% of fibonacci expansion. Strong liquidity zone, rejecting the price.

UnknownUnicorn3446056

Graphic analysis.