There is a rebound at the convergence other major TL in bold black and the minor TL in dots
This level is also monthly S1 and fib 0.236
And the right shoulder of an inverted HNS
If PA rise above the pivot within the TF of the blue triangle highlighted area
PA will reverse
Targets are within fib 2.6, R5 and my blue target line
Extension to fib 4.236 is possible, which is right around the resistance line form by the previous top
For mid term position trading, there is an interesting crossover playing out around 27usd
This level is also monthly S1 and fib 0.236
And the right shoulder of an inverted HNS
If PA rise above the pivot within the TF of the blue triangle highlighted area
PA will reverse
Targets are within fib 2.6, R5 and my blue target line
Extension to fib 4.236 is possible, which is right around the resistance line form by the previous top
For mid term position trading, there is an interesting crossover playing out around 27usd