Short to green 0.5 fib line at the least
Intersection of red 0.5 fib speed line and downward trend creates strong resistance that now suggest a downward move
It also seems that a butterfly could be forming as well, which would create a potential long.
I posted a short about 6 hours ago. I still think it is a short, it just retraced to the 23.6% green fib line unexpectedly but is smacking resistance
Better entry anyway
***Trade at your own risk***
Intersection of red 0.5 fib speed line and downward trend creates strong resistance that now suggest a downward move
It also seems that a butterfly could be forming as well, which would create a potential long.
I posted a short about 6 hours ago. I still think it is a short, it just retraced to the 23.6% green fib line unexpectedly but is smacking resistance
Better entry anyway
***Trade at your own risk***