Top-down analysis
Monthly - Long wick
Weekly - 5 wicks rejection on 87.250
- Previous weekly closure Long wick
Daily - Made a higher high
- In the last 3 days, made a Momentum
4H - Corrective
- Correlated with market structure
- uptrend structure
Confluences
a. FIB 61.8% ( If from push and its corrective
b. FIB 38.2% ( From a to b )
Monthly - Long wick
Weekly - 5 wicks rejection on 87.250
- Previous weekly closure Long wick
Daily - Made a higher high
- In the last 3 days, made a Momentum
4H - Corrective
- Correlated with market structure
- uptrend structure
Confluences
a. FIB 61.8% ( If from push and its corrective
b. FIB 38.2% ( From a to b )