Here is another confirmation of the trend reversal we were about to experience and now we are IN !!
needs the last target to be reached and this target is in the 23.60% Fibonacci at 1280 and if break below that we might see it going down to the next 38.20% Fib at 1238-1240 area.
Here you have the trend reversal indicator:
-Hanging Man+doji+inside bar+shooting star still forming at the top
-hystorical pullback from 1330-1350 (major resistance) to 1280-1240 area, we have seen it quite often in the past years
-Elliot wave forming which needs last target to complete
-OVERBOUGHT indicator 14 and in both DAILY and WEEKLY chart
-Stop Losses were hit violently which means big player create spikes as the price might go in the opposite way (check history for examples)
-ALL THE INDICATORS ABOVE HAVE A CONFIRMATION IN THE
Follow major to enter,exit, set SL and TP of your trades and GOOD TRADING TO ALL OF YOU.
This analysis is only meant to be educational and doesn't mean to replace a professional financial advisor entity as in trading your capital is at risk and not responsability for any loss will be taken by the author of the post.
good trading to all of you :)
Anyway quite easy, only two ways it can go ahahahah
thank you very much for answering and let's keep advising each other, good trading !!!!!