Based on my analysis:
I think we are seeing an archer's move. He is from the bull's realm, and to throw is arrow up high he first needs to go the opposite's way . So going a bit down first. So this archer tends his bow, that's the reason of this coming bearish move.
It won't be a deep falling, it's just the bullish gang that is preparing its powerfull up move. So to go up, it needs to go a bit down (the bow way).
The down move should be fully validated in 2 ticks (check the confirmation2 of my graph). so a real down move is to be confirmed around 19:00 gmt+0 on July 10th
Check also the horizontal lines I've drawn, they are important in this down move.
Don't take my words for granted, trade, analyze, trade, ....
I think we are seeing an archer's move. He is from the bull's realm, and to throw is arrow up high he first needs to go the opposite's way . So going a bit down first. So this archer tends his bow, that's the reason of this coming bearish move.
It won't be a deep falling, it's just the bullish gang that is preparing its powerfull up move. So to go up, it needs to go a bit down (the bow way).
The down move should be fully validated in 2 ticks (check the confirmation2 of my graph). so a real down move is to be confirmed around 19:00 gmt+0 on July 10th
Check also the horizontal lines I've drawn, they are important in this down move.
Don't take my words for granted, trade, analyze, trade, ....