We can now expect an impulsive move. Price reacted at the
top of the major descending channel, giving signs that correction
is to be finished. Also, we can notice two important psychological levels in the market where price has reacted multiple times.
Adding Fibb. to give us more confluence, we expect a reaction around its '61.8' level,
Price tested our major trendline structure, creating a major level in the market, giving us evidence that a reversal was in form.
To give us more confluence, we could expect price to break not only previous structure high but the descending channel as well.
Eventually, an ascending triangle pattern was formed (consolidation) during the Asian Session, giving us...