As you can see we are in a downtrend but also part of a channel, we can see key areas where price has respected this channel and either gone short or long.
As you can see at the moment we are at the support area on the channel and i expect to see this go long to the marked out area.
The fib channels also show certain levels in the channel where I wang price to...
Could we see price continue up on as detected on daily or could price reverse and make its way down.
We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily.
We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch...
As you can see i have a kumo breakout at a good area of support from the up trend, we have seen on the daily a price rejection and a red candle start to show but that price has reached a .283 retracement so we could see price bounce off that and then make its way up or retest on the inside on the S/R trend line and make its ay down