Reasons for potential short
1. daily bearish engulfing > closed below D RSP
2. daily trendline broken and retested
3. 4 hourly EMA as resistance
4. 4 hourly fib 78.6 aligned within zone + D RSP as resistance
5. currently making LL LH
(6. X-NSL-LH1 FIB tapped 1st target extension, 2nd extension alignes W new fib 1st ext.)
awaiting a reaction from the 78.6 confirming LH and trendline
Reasons for long
1. IMO none
1. daily bearish engulfing > closed below D RSP
2. daily trendline broken and retested
3. 4 hourly EMA as resistance
4. 4 hourly fib 78.6 aligned within zone + D RSP as resistance
5. currently making LL LH
(6. X-NSL-LH1 FIB tapped 1st target extension, 2nd extension alignes W new fib 1st ext.)
awaiting a reaction from the 78.6 confirming LH and trendline
Reasons for long
1. IMO none