D1 - Price reached a key resistance zone formed by the 100% fibonacci expansion levels of the big and small waves, respected it, and is currently moving lower.
Bearish divergence, uptrend line breakout.
H4 - There are no evidences that show the current trend is over yet,
Expecting the price to continue lower further after pullbacks.
Bearish divergence, uptrend line breakout.
H4 - There are no evidences that show the current trend is over yet,
Expecting the price to continue lower further after pullbacks.
Komentarz:
The price action followed my analysis and moved lower exactly as I expected it to and delivered a fantastic move to the downside!