Until we start making higher highs and higher lows I will remain bearish:
Also, I picked my short target based on a cross of the top of my down channel with a 61.8 fib but as time moves to the right my potential reversal target moves lower.
I forgot to add that the blue trend line is my reference point for a possible uptrend reversal point. If price remains above this line and continues to find resistance here I go back to a neutral stance and will wait for the market to pick a direction.
Also, I picked my short target based on a cross of the top of my down channel with a 61.8 fib but as time moves to the right my potential reversal target moves lower.
I forgot to add that the blue trend line is my reference point for a possible uptrend reversal point. If price remains above this line and continues to find resistance here I go back to a neutral stance and will wait for the market to pick a direction.