Fib 50 retracement and bearish move
2019-12-12 15:15:22
Price is forming a small downwards trend to a pre-existing major ascending trend line.
The minor small pink trend line has a bearish bar forming outside.
RSI is close to the over bought.
I would like to sell the position down to the trend line. The projection of the trend line coincides with numerous levels of Fibonacci confluence.