the first area of fibonacci confluence terminates with the 2 drives pattern
the second area of fibonacci confluence terminates with the abcd harmonic pattern of 1.618% extension
at hand now, the RSI is oversold, but i think there will be a downward push with a RSI divergence for entry before the market rallies up just before the PMI announcement.
pattern well drawn
check for good entry technique, if available trade and if not dont
dont rush into the market cause it is not your friend
prepare you risk to reward ratio cutely
success
the second area of fibonacci confluence terminates with the abcd harmonic pattern of 1.618% extension
at hand now, the RSI is oversold, but i think there will be a downward push with a RSI divergence for entry before the market rallies up just before the PMI announcement.
pattern well drawn
check for good entry technique, if available trade and if not dont
dont rush into the market cause it is not your friend
prepare you risk to reward ratio cutely
success
