Potential for further bearish downside
Hey guys! Anyone else eyeing ?I'm seeing prices abiding to me descending trendline and going on a strong bearish momentum. Looking to get in at the sell entry @ 159.7 in line with 78.6% Fibonacci extension and also horizontal overlap. Probably going to short to 146.6 which is a swing low support in line with 61.8% Fibonacci retracement and have my stop loss at 163.1 which is somewhere closer to the 100% Fibonacci extension level and descending trendline.
Entry: 159.7
Take Profit: 146.6
Stop Loss: 163.1
What do yáll think?
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