After completing the Bat pattern earlier this week we got a perfect entry from the 886 Fib
I took it long/took profits but we had a spike to the downside before price started to consolidate a little (This is showing weakness to the downside especially now we have lower highs/lowes, price may potentially drop after one last push up and this is where the bearish shark comes into play.
The rejection was very close to the 113 as you can see, I will be patient with this one and watch how the price reacts at current level, if we get rejection + confirmation from the 113 again I will look to take this long up-to the 886 (Fib) before then waiting for rejection and taking it short (If the shark completes)
I took it long/took profits but we had a spike to the downside before price started to consolidate a little (This is showing weakness to the downside especially now we have lower highs/lowes, price may potentially drop after one last push up and this is where the bearish shark comes into play.
The rejection was very close to the 113 as you can see, I will be patient with this one and watch how the price reacts at current level, if we get rejection + confirmation from the 113 again I will look to take this long up-to the 886 (Fib) before then waiting for rejection and taking it short (If the shark completes)
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