Monthly: overall bearish trend. price currently at the 0.618 fib form previous leg
weekly: price is decelerating now that it is testing the top of the
channel
Daily: There is a forming H&S, however I am missing some
bearish divegence on the daily ( there is some divergence on
the 4H)
Confluences:
1. Key area
2. Top of range/ TL
3. 0.618---> trading with the longer trend
4. H&S ???--forming!
weekly: price is decelerating now that it is testing the top of the
channel
Daily: There is a forming H&S, however I am missing some
bearish divegence on the daily ( there is some divergence on
the 4H)
Confluences:
1. Key area
2. Top of range/ TL
3. 0.618---> trading with the longer trend
4. H&S ???--forming!