AU short

8 בינו׳ 2022

On the daily you can see last week we tested the base of an H&S that we have created for the past year or so and it rejected. So I feel next week we should expect the movement to be like this. I feel we will retest a support zone on the hourly/4H and reject higher up to the .382 on the fib basically the top of the downtrend I believe is forming. That will further carry us bearish this month imo looks bearish their are multiple levels that need to be touched that haven’t yet to the downside.