TECHNICAL POINTS:
Weekly Fib (white)
Daily Fib (blue)
4hr Fib (orange)
Weekly descending trendline
Weekly resistance
Daily support
4hr Double Top
4hr 200EMA
4hr 800EMA
4hr LL's LH's structure (red circles)
Buy Confirmations:
Close above 124.400, which would break the descending structure and close above the weekly 23.6% fib, 4hr 200ema and weekly resistance.
Sell Confirmations:
Close below 122.250, which would be below the daily support, 4hr 800EMA and daily 61.8% fib level. Clear traffic to target.
Weekly Fib (white)
Daily Fib (blue)
4hr Fib (orange)
Weekly descending trendline
Weekly resistance
Daily support
4hr Double Top
4hr 200EMA
4hr 800EMA
4hr LL's LH's structure (red circles)
Buy Confirmations:
Close above 124.400, which would break the descending structure and close above the weekly 23.6% fib, 4hr 200ema and weekly resistance.
Sell Confirmations:
Close below 122.250, which would be below the daily support, 4hr 800EMA and daily 61.8% fib level. Clear traffic to target.
