30 min / channel forming & possible moves in short term

25 Ara 2017

Simple idea using fibs, resistance line and a parallel channel. Seems we will likely either break down to complete the H&S on larger time scales (to ~8k perhaps) or up through the resistance line to form an ascending triangle, A&E, or some similar pattern. If the latter, circles suggest some points likely to see resistance based on Nov retrace to Dec high fib. RSI also trending upwards. Any thoughts/criticism welcome, new to this space. Thanks.

26 Ara 2017

Not

Bounced off the 0.382 fib. Next target 0.5 fib.

27 Ara 2017

Not

Folowing the channel. 17k next likely.

27 Ara 2017

Not

Broke out of the channel down after several tests of upper limit. Bearish at least short term.