On the Verge of a new move
4H bearish market structure; however, still bullish on the daily. General market correction might have lead to this.
It came down to the liquidity zone and fell perfectly into the golden FIB pocket. It has reclaimed the 200EMA and is looking to form a bullish cross on the MACD.
There is also the possibility of a head & shoulders pattern forming.
Things to look out for:
- Still trading below the 50EMA
- Could continue bearish 4H structure
What are your thoughts on this?
It came down to the liquidity zone and fell perfectly into the golden FIB pocket. It has reclaimed the 200EMA and is looking to form a bullish cross on the MACD.
There is also the possibility of a head & shoulders pattern forming.
Things to look out for:
- Still trading below the 50EMA
- Could continue bearish 4H structure
What are your thoughts on this?
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