Price action had been respecting major levels and recently bounced the 0.236 fib levels up through the wedge upper trendlines with its eye on 1.618 zones around 12.09825. I am looking for it to pullback lightly into trendlines supporting the next extension of this breakout wave. Too high risk to short quite yet, I need to see a reversal candle and indicators saying wave is over . I will be looking for short zones above 12.1 with targets back down into channel at current levels around 12.0, but very possible shortside starts forming sooner than that around 12.05 zones.
Note
Note
Disclaimer
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.
Disclaimer
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.