1. Major resistance level - descending resistance level , 61.8% fibonacci retracement
2. RSI bearish exit
3. Falling wedge formed
Watch for breakout of short term ascending support line for sell entry, take profit at 38.2% fibonacci retracement level, stop loss slightly above major resistance
2. RSI bearish exit
3. Falling wedge formed
Watch for breakout of short term ascending support line for sell entry, take profit at 38.2% fibonacci retracement level, stop loss slightly above major resistance