A nice shorting opportunty on the 4H timeframe where you see price is hitting a trendline as resistance. The upwards sloping red line is the meridian line of a daily pitchfork. if you are conservative wait for break to the downside.
I noticed theres a possible AB=CD pattern which would complete at the 50% fib level.
Should price fall and hit the red dotted meridian line of the 4H pitchfork taking partial profit might be a good idea as price could climb back up to the upper trendline.
As an addition to this, there might be forming a bullish butterfly on the hourly which if it is will have a very strong D at the meridian line pitchfork.
Goodluck
I noticed theres a possible AB=CD pattern which would complete at the 50% fib level.
Should price fall and hit the red dotted meridian line of the 4H pitchfork taking partial profit might be a good idea as price could climb back up to the upper trendline.
As an addition to this, there might be forming a bullish butterfly on the hourly which if it is will have a very strong D at the meridian line pitchfork.
Goodluck
Anulowano zlecenie:
Clearly no downward break of the red, daily meridian line !