1M
Bearish Candle taking out both Monthly and weekly key levels. EMA facing down.
1W
Last week’s candle closed as a bearish marabou, EMA facing down.
1D
3 pin formation, with two wicks testing the downwards facing EMA. This shortly followed by another 2 candles testing EMA.
4H
Triangle formation created, I missed the entry for this move as the price broke out, but kept an eye out for an entry. Width of the triangle has been placed on the chart and finishes below the monthly key level. Price has pulled back and formed a wick rejection on the downwards facing EMA’s.
Bearish Candle taking out both Monthly and weekly key levels. EMA facing down.
1W
Last week’s candle closed as a bearish marabou, EMA facing down.
1D
3 pin formation, with two wicks testing the downwards facing EMA. This shortly followed by another 2 candles testing EMA.
4H
Triangle formation created, I missed the entry for this move as the price broke out, but kept an eye out for an entry. Width of the triangle has been placed on the chart and finishes below the monthly key level. Price has pulled back and formed a wick rejection on the downwards facing EMA’s.