OPtion A: Retracement on the 38.2 Fib, which confluences with a ex supp area actual resistance
Option B: a False BO to the downside which confluences with the 3rd bounce of an ascnding TL
Confuences between 38.2% retracement, 61.8% retracement, the monthly support level of 1.40 is going to be retested and a candle forrmation of a "ladder bottom" to be confirmed with the monday`s candle, key level on Daily candlesticks + MA`s crossed to the upside, next target is the -27% extension (1.4310)
We have two options, the fist one is to go stright to the 108.00 level that I think is more probably, because the trendline has been broken, the lower low have divergences and we have a continuation pattern on price action on Daily candles.
On the other hand the price could fails to break the outer trendline and this would be a signal of confirmation to go...
Weekly: Shoting star Candlestik + crossed over moving averages to the downside
Daily: 50% fibo retracement + retest of the broken trendline done
H4: awaiting for a counter trend line confirmed breakourt + crossed over moving averages to the downside
