Disliked{quote} Weekly 1.082xx to 1.084xx This is your opportunity to go Long or Short 3rd Trendline Touch on the Weekly chart (should) technically hold for a Short setup with tight stops above the 61.8% retrace. {image}Ignored
As we hit the 61.8% of the move 1.082xx to 1.084xx is crucial for bears.
As a reminder....... Look left on your Weekly Chart....... Impulsive (fast) DOWN Move....followed by Corrective (slow) UP Move.
Classic Price Action 101.
It does not mean that It cannot go any higher but the odds are in favour of a resumption of downtrend as we hit the high of the 61.8% or higher...
Play Safe, Play Smart....