WPRBTC - Looking for new entry. It needs to bounce off the 61.8 & support so dropping down to 4 hour to look for some bullish confirmation.
Note: I'm not a pattern trader so I would not wait for the break out of the flag even though that's what you're supposed to do. I draw patterns to see what pattern traders would be thinking but I don't personally trade off them. Trendline/sup-res/fibs is my sweet spot so I'm looking at this because we may get a bounce off FIBS and support at the same time as well as the internal TL.
Targets on chart.
Note: I'm not a pattern trader so I would not wait for the break out of the flag even though that's what you're supposed to do. I draw patterns to see what pattern traders would be thinking but I don't personally trade off them. Trendline/sup-res/fibs is my sweet spot so I'm looking at this because we may get a bounce off FIBS and support at the same time as well as the internal TL.
Targets on chart.