Has broken the 4Hr Trendline
61.8 % Fib Retracement on the Daily Timeframe
Using Elliot Wave Theory, That's Wave 5 on the Daily Timeframe
Wait for a retest of the 4hr Trendline and sell. Use Candlestick formations for a bearish set up for confirmation
*Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
61.8 % Fib Retracement on the Daily Timeframe
Using Elliot Wave Theory, That's Wave 5 on the Daily Timeframe
Wait for a retest of the 4hr Trendline and sell. Use Candlestick formations for a bearish set up for confirmation
*Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.