2 things can occur at this moment. either a break of the trend line signifying trend reversal. or, a continuation of the downtrend to .618 fib level.
if it continues down, short.
if it breaks, wait for retest and long.
will update idea.
if it continues down, short.
if it breaks, wait for retest and long.
will update idea.
Note
i entered short here with a relatively tight stop lossNote
Note
potential head and shoulder in the making
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.