Broken diagonal down trend line, looking for one of two scenarios: First scenario is a double top is created on the main resistance Fibonacci retrenchment line, this will be a strong bearish signal and a short will be taken once it has re broken the old trend line now being resistance. The second scenario is we break threw the green fib entracment line not creating a double top but continuing the uptrend we will enter long here after confirmations.
Kommentera:
bounce on ichi, resistance become support.