Monthly the market is in a downtrend but market is doing a retracement to the 50% fibonacci level of the monthly candle stick
On the weekly or Daily chart we can see a falling wedge being formed and it was crossed on the upside by Fridays candlestick
Order placement: buy stop or buy limit 50% fib level of the Fridays Daily candlestick
Take profit: 50% fib level of monthly candlestick
Stop loss: below Fridays Daily candlestick
On the weekly or Daily chart we can see a falling wedge being formed and it was crossed on the upside by Fridays candlestick
Order placement: buy stop or buy limit 50% fib level of the Fridays Daily candlestick
Take profit: 50% fib level of monthly candlestick
Stop loss: below Fridays Daily candlestick