for my own reference - to see if i`m right or wrong down the line. Expecting a move up to a fib level for a 123 then a down move.
My analysis for practice - not to be used for buy or sell signals - please use own rules for entry. Possible h and s
For my own reference down the line to see where I went right or wrong -please do not use as a signal to buy or sell - use your own rules for entry.
My charts are to test my analysis - this is why I post them to see if I am right or wrong down the line - so I can improve - please do not buy or sell based on these - follow your own rules for entry
Look for short on top trend line touch - watch price action - price ranges can change but remains down. I have put example of rising channel - currently looking for flat.
currently correcting previous impulse down (around 78%) indicators oversold and macd showing loss of bullish momentum - expecting move to lower trendline and maybe flat channel forming.
Will be looking for short again at top - price ranges can contract or widen - but pattern still remains down
Price in small channel should break to upside - very short trade and risky. Safer option to wait at top for short.
I still think its going to touch top trendline or go beond - then look for short.
Price heading for structure top - watching price for signs of reversal - indicators showing move down and macd showing loss of momentum