DOWNSIDE MOVEMENT:
- Daily support broken.
- Fibonacci retracement at 61.8 rejected.
- Expect continuation to the downside.
- Objective -> Daily support
On a Weekly basis, I expect short positions due to strong rejection on the double top. It needs to complete the M pattern. When it reaches this zone will see how the price react. I expect a retest on the daily resistance.
Oportunity for sells:
- Daily trendline broken. Want to see a pullback for a test of this trendline.
- Creating a new lower low.
- Another vision is a break the structure where the price is bouncing at the moment, test it and fall.
- Objective for take profit -> 8880
- Head and Shoulders formation
- Breaking Daily structure and testing it.
- Objective 0.73200
- First TP: 0.74500; second TP: 0.73800; third TP: 0.73200
- Breaking daily trendline to the downside.
- Expecting a fall to the next stronger daily trendline and support.
- Rising Wedge pattern.
- Waiting for a test of the trendline. Looking for sells at the moment.
- Objective -> 0.67800
- Daily trendline broken and tested.
- 3h trendline broken and tested.
- Expect move to the downside to the daily trendline (blue color).
- Take profit at 73.500, but I can see first take profit at 74.200
Expecting short positions:
- Test the trendline and shorting from there.
- Another option is waiting the break of the trendline just below this candle. Test and sell.
- Take profit around 27.200
I expect short positions:
- It could go up to touch again the trendline and, from there, a fall to 22950
- The second bias is breaking the trendline, test and fall to the same price.
- First take profit around 23.200; second, 23.080; third take profit around 22.950, to touch the trendline.
