Looking for retracement to the 0.618 and then macro wedge break
On the 4 hour there is a potential double top. I am expecting an entry at the 0.618, this will be followed (hopefully) by target 1 coming at the return of that move.
However on the macro daily pattern there is a rising wedge; so I am hoping that target 2 will drop to the bottom of this wedge or maybe 50%
However on the macro daily pattern there is a rising wedge; so I am hoping that target 2 will drop to the bottom of this wedge or maybe 50%