Second doji forming on daily time frame
We have already astablished that from the lower times to daily three is we're strong bearish candle patterns
We also know that at the high there is a bullish check mate
THE pinbar for is just a stop Hunt to insure that market can collect on cash that has been lost by people who SL HAS BEEN STOPPED OUT BY THE LOW OF THE PINBAR
Standard stop hunt pin low.
We currently see market moving down to collect cash that was lost during that decent by people who went bullish close the high
With all said it seems that the bearish drop is still on the cards
The only question is how far
THE day only has one support level at
34840.78
The 4hour has major support tested as resistance at 31517.00
Right at the bottom of pinbar
FINAL POINT
LOOK FOR MARKET TO CLOSE ON PINBAR BEFORE PULLING BACK UP
BELOW 4H SUPPORT
EXPECT DROP TO DAILY SUPPORT
We have already astablished that from the lower times to daily three is we're strong bearish candle patterns
We also know that at the high there is a bullish check mate
THE pinbar for is just a stop Hunt to insure that market can collect on cash that has been lost by people who SL HAS BEEN STOPPED OUT BY THE LOW OF THE PINBAR
Standard stop hunt pin low.
We currently see market moving down to collect cash that was lost during that decent by people who went bullish close the high
With all said it seems that the bearish drop is still on the cards
The only question is how far
THE day only has one support level at
34840.78
The 4hour has major support tested as resistance at 31517.00
Right at the bottom of pinbar
FINAL POINT
LOOK FOR MARKET TO CLOSE ON PINBAR BEFORE PULLING BACK UP
BELOW 4H SUPPORT
EXPECT DROP TO DAILY SUPPORT
