Blue arrow are my «long term» paterne. The yellow line represente short-term paterne. If we see a break of the yellow paterne we could see a down side move all the way to the bottom (100% fib) and then futher movement.
P shape on the volume profile on the last move. Volume was concentred at the top. This can act like a resistance zone. Plus, we had a nice selling pressure. If this hold we could see further down side move.
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P shape on the volume profile on the last move. Volume was concentred at the top. This can act like a resistance zone. Plus, we had a nice selling pressure. If this hold we could see further down side move.