W1 - Potential double wave, price is nearing the 61.8 fibo level.
D1 - Bearish hidden divergence.
H4 - Price is moving inside a channel, price has also created a triangle pattern and is respecting it so far. Bearish divergence. There are two possible scenarios from here:
Scenario 1 – We may expect the price to move lower, break and hold below the bottom of the triangle, we may then start looking for sells with more bearish evidences.
Scenario 2 – We may now expect one more push higher towards the critical zone and then we may expect the price to move lower, break and hold below the bottom of the triangle. We may then start looking for sells with more bearish evidences.
Conservative approach – If you want to be more conservative then wait for the price to break below the bottom of the channel as well.
D1 - Bearish hidden divergence.
H4 - Price is moving inside a channel, price has also created a triangle pattern and is respecting it so far. Bearish divergence. There are two possible scenarios from here:
Scenario 1 – We may expect the price to move lower, break and hold below the bottom of the triangle, we may then start looking for sells with more bearish evidences.
Scenario 2 – We may now expect one more push higher towards the critical zone and then we may expect the price to move lower, break and hold below the bottom of the triangle. We may then start looking for sells with more bearish evidences.
Conservative approach – If you want to be more conservative then wait for the price to break below the bottom of the channel as well.