So whilst we have plenty of reasons to sell here, I want to wait to see some rejection. Look at the volume, just makes sense to confirm the rejection rather than getting blown out. Also have to factor in the broken descending trendline - however, i think the move friday was more fundamental than techincal.
So looking at technicals, we have the following reasons to sell:
1.60 level
61.8% long term fib swing
daily resistance
daily 800ema
retest of H&S neckline
So looking at technicals, we have the following reasons to sell:
1.60 level
61.8% long term fib swing
daily resistance
daily 800ema
retest of H&S neckline