Possible Downtrend Continuation (Retest)

We have the following factors:
  • H1 Rising Wedge (blue lines) + RSI Divergence
  • Good Price Reversal Zone
  • 61.8 Fib Retracement


Wait for:
+ Clear PA confirmation in between the green dotted lines
+ Uptrend breakout
*otherwise I wouldn't advice taking this trade

Comments and Questions are Welcome!

Cheers!
Beyond Technical AnalysisChart PatternsFibonacci RetracementpriceactionpricereversalRising WedgersidivergenceTrend Analysis

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