If reversal here at the 2.90ish and a gap close there is a possibility of a Bearish Shark
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Have sold at the second spike at 2.14. Entry was at 2.89.
It looks more bearish now. No follow through and a full retrace of spike. I doubt we'll see the Bearish Shark. Next possibility is a Bearish Cypher. That will retest the 1.272 or a test of recent lows at the 1.618 fib. I could see that coming with a close under 2.89.
I'll will re enter on strength !
Safe trading here ladies and gents!
_________________________________
Time will tell
Safe trading ladies and gents!
@BLawrenceM
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Have sold at the second spike at 2.14. Entry was at 2.89.
It looks more bearish now. No follow through and a full retrace of spike. I doubt we'll see the Bearish Shark. Next possibility is a Bearish Cypher. That will retest the 1.272 or a test of recent lows at the 1.618 fib. I could see that coming with a close under 2.89.
I'll will re enter on strength !
Safe trading here ladies and gents!
_________________________________
Time will tell
Safe trading ladies and gents!
@BLawrenceM