1.78 level of fibo decreasing momentum on ascending chanel and creating a rising wedge
$ index ready for going down because of long-term intern trend and short-term downward trend
reject from intersected trend line reject from short term trend line reject from kijunsen(ichimoku) good R/R opportunity
pitchfork long term and short term trend line 78% fibo retracement -RD in hourly TF good risk/reward ratio
1)price touching top of descending channel 2)price touching 61.8% level of fibo level 3)(will bearish candle appear)??? <<==>> just waiting!
1)pullback to broken trend line 2)retrace to 61.8 fibo level 3)waiting for 4H candle stick pattern
touch horizontal resistance and trend line at same time
1)Very nice bearish candle stick 2)downward trend cross 3)61.8 fibo level 4)resistance level 5)stoch indicator sell signal
1)upward trend line cross 2)possible reverse head and shoulders pattern 3)stoch indicator signal
1-price is following current downward channel 2-price is under 38.2 fibo level and 131.90 resistance level and also pivot point 3-indicators(stoch & ultimate_oscillator) show short signal TP : 131.10 SL : 132.40