you can see price pulled perfectly back to 0.618 fib on daily before dropping right back down again then pulled back then dropped again.
we have a falling flag/wedge on 3H timeframe meaning a bullish contination,
i expect it to test that major support level before pulling back up to the 0.5 fib which is also the top of the falling daily channel
IF IT BREAKS SUPPORT - LONG TRADE INVALID and look for SHORT (if this breaks support and retests - i would then look for a short to test bottom of the daily channel)
we have a falling flag/wedge on 3H timeframe meaning a bullish contination,
i expect it to test that major support level before pulling back up to the 0.5 fib which is also the top of the falling daily channel
IF IT BREAKS SUPPORT - LONG TRADE INVALID and look for SHORT (if this breaks support and retests - i would then look for a short to test bottom of the daily channel)