Possible Short or Long position
Daily- uptrend sight Divergence going down
4 hr- uptrend fib pulled to 61 and hit -27 already could possibly continue to -61.8 (wait for confirmation)
1 hr- uptrend fib finished at a -61.8 reversed Divergence going down
30 min- Downtrend
2 possible outcomes:
1) Fib pulled to 38 if you wait for the break and restest of the 1 hour
trend line respecting the 30 min trend line you can go for a sell taking your TP at -27
2) Since its been in a uptrend for awhile it could break and retest the 30 min trend line
and continue up at least to the highest point right now making it a double top
4 hr- uptrend fib pulled to 61 and hit -27 already could possibly continue to -61.8 (wait for confirmation)
1 hr- uptrend fib finished at a -61.8 reversed Divergence going down
30 min- Downtrend
2 possible outcomes:
1) Fib pulled to 38 if you wait for the break and restest of the 1 hour
trend line respecting the 30 min trend line you can go for a sell taking your TP at -27
2) Since its been in a uptrend for awhile it could break and retest the 30 min trend line
and continue up at least to the highest point right now making it a double top
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