ERG Watch

Points of Confluence

1. price is ranging within the downward channel
2. support found around .23 and .38 fibs .5 acting as resistance
3. potential (speculation) H&S
4. price imbalance is "filling"

I expect price to react with the thick black trend line as such:

• _eventually_ break up and out of the triangle
  
• come back down and re-test that range (the triangle as well as fib)
  
• price will _eventually_ continue with break-out, or fail, and repeat.
  

H4 TF is so low for me, I'm more of a macro trend guy. DYOR.