Rejection pin bar on Daily at 61.8

This is looking to be a nice set up for a 61.8 AB=CD pattern.

The weekly is in a downward trend. The daily price has numerous rejection wicks around this level of structure.

I expect a bearish AB=CD pattern to complete.

Again, I will be looking for a trendline breakout and divergence before entering.

Yorum:

Looks like a tweezers top formation respecting the trend line