We just saw the false breakout of $71 price level. Now we're drawing right shoulder and there is a huge chance to see the big short movement here. Good risk/reward ratio.
1) Clear false break of the price level
2)Global trend: SHORT
3)H&S pattern
4)FIBO 61.8 from previous monthly downside movent
5) Price reached all the fibo goals from the local uptrend
6)Good risk/reward ratio. Good area for placing SL
Profits to everybody! Enjoy!
1) Clear false break of the price level
2)Global trend: SHORT
3)H&S pattern
4)FIBO 61.8 from previous monthly downside movent
5) Price reached all the fibo goals from the local uptrend
6)Good risk/reward ratio. Good area for placing SL
Profits to everybody! Enjoy!