this multi time frame analysis form h1 to monthly time frame from h4 to Monthly
H4 - price has breakout rising wedge pattern, ready to retest lower trend line and make new lower low Daily - price has retest daily resistance after breakout , making sideway correction below resistance before making new lower low on h4 Monthly - if this month candle make same pattern like it made last month than it would be first sign of trend line reversal , breakout on weekly time frame will confirm. and we will take long entry on weekly time frame after breakout and retest of resistance. unitl than it is bearish.
fundamental - fed fomc - fed tapering announcement will change money flow. so we can expect trend line at the end of this month.