D1 - The price which is moving lower has broken below the 100% Fibonacci expansion level of the first wave and is holding below it.
Lower lows.
No signs of trend change.
Expecting the price to continue lower further in the short term.
H4 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.
Lower lows.
No signs of trend change.
Expecting the price to continue lower further in the short term.
H4 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.