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Target 0.618 fib. Small bounce to upper trend line , if it fails we will drop to the lower trend line and look at the 0.786 fib level, if it succeeds I expect consolidation in the 0.382 and 0.5 fib level
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Will likely experience a bounce, I dont think it will be a big bounce thus the arrow is exaggerated. If we break the bottom downtrend line we'll test the .618 fib level sooner
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Waiting for confirmation of a bounce back down from the trendline
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MACD wanting to cross upwards, rsi changing slope , stoch rsi crossed over going up. The only thing lacking is volume which could make this fail to breakout of the channel. The current situation we will see if we can break the upper trendline and stay above it, if that does not happen the 0.618fib target will be reached.
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