EU Possible Short Setup:
Since the price pump up yesterday, after the "Double Bottom", price has been failing at the "R1" level and has made a H -L - LH sequence. It has not moved down thru the Dragon and no SonicR method setup exists. But PA is showing bearish signs.
Edit: Forget, now, the H - L - LH. PA moved up to R1 area again. And it looks like failure there again. Current TF not finished yet, however. I am posting this before end of TF because Frankfurt Open is upcoming soon. If this indeed turns out to be PA failure again at RI, after the Franfurt Open, then we may see a move down.
Since the price pump up yesterday, after the "Double Bottom", price has been failing at the "R1" level and has made a H -L - LH sequence. It has not moved down thru the Dragon and no SonicR method setup exists. But PA is showing bearish signs.
Edit: Forget, now, the H - L - LH. PA moved up to R1 area again. And it looks like failure there again. Current TF not finished yet, however. I am posting this before end of TF because Frankfurt Open is upcoming soon. If this indeed turns out to be PA failure again at RI, after the Franfurt Open, then we may see a move down.