Price Action:
Weekly: Stock Price is right now in a Double Bottom, and doing the third touch of the weekly trend line. Using Fibonacci ABC we can see that we need a C point to continue the bearish sequence.
Daily: We can see better the third touch of the weekly trend line, and the strenght of the monthly support in 44.00. The daily trend need a third touch.
H4: Wait for a canddle pattern to begin the trade
Weekly: Stock Price is right now in a Double Bottom, and doing the third touch of the weekly trend line. Using Fibonacci ABC we can see that we need a C point to continue the bearish sequence.
Daily: We can see better the third touch of the weekly trend line, and the strenght of the monthly support in 44.00. The daily trend need a third touch.
H4: Wait for a canddle pattern to begin the trade
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