Possible downtrend continuation pulling back at 38.20% Fib,it might break the downtrend resistance up to the 38.20% Fib. It is also possible to go at 50% Fib that`s why stop loss above 50% but the RSI will be in the overbought area when it reach the 38.20% Fib. If it cannot break the downtrend resistance, then it will go down early in triangle pattern.
I am new to trading and learn only in some other publisher, i hope this can help you in your trading because this is my first publish. If I did wrong, please correct me so that i can learn more. Thanks in advance for those people who can correct me of my mistake.
It looks like the bearish channel will continue, trade did not break the R1 many times as a...