- Price is in an overall bearish trend.
-Price then found support at the monthly demand/support zone.
-After finding support price made a bullish push, which also serves as a retracement.
-Price is also currently respecting the 50.0 fib level.
- I am anticipating another bearish move and will watch the 4hr time frame for a candlestick reversal pattern before entering a sell.
-If price close as a a doji/indecision candlestick I will enter a sell.
What are your ideas, please like or comment and share your analysis!
-Price then found support at the monthly demand/support zone.
-After finding support price made a bullish push, which also serves as a retracement.
-Price is also currently respecting the 50.0 fib level.
- I am anticipating another bearish move and will watch the 4hr time frame for a candlestick reversal pattern before entering a sell.
-If price close as a a doji/indecision candlestick I will enter a sell.
What are your ideas, please like or comment and share your analysis!