D: Downtrend, Retraced 38.2%, hit -27 and reversed for the buy
4H: Uptrend, retraced 50% on 4H fib + Bearish divergence. Price has been consoldating near the monthly key level.
1H: Downtrend. Retraced 78.6% so far. RSI is bearish
CURRENTLY:
Because of the consolidation over the last few days, I'm looking to see what price will do once it comes back to the 1HR trendline, or previous support/resistance.
Ultimately, I am looking for price to go short to major support/resistance zone @ -61.8 on 1HR fib
OR
Price could retest 4H trendline and continue long to -27 on 4HR fib.
4H: Uptrend, retraced 50% on 4H fib + Bearish divergence. Price has been consoldating near the monthly key level.
1H: Downtrend. Retraced 78.6% so far. RSI is bearish
CURRENTLY:
Because of the consolidation over the last few days, I'm looking to see what price will do once it comes back to the 1HR trendline, or previous support/resistance.
Ultimately, I am looking for price to go short to major support/resistance zone @ -61.8 on 1HR fib
OR
Price could retest 4H trendline and continue long to -27 on 4HR fib.