1. Daily reached an OP level (Logical profit Objective), and also forming an unconfirmed double repo, will confirm if closes below the 3x3 DMA (purple)
2. 4Hour has a forming H&S pattern that is unconfirmed and has a bit of a high right shoulder, and based off of the daily analysis, we were expecting price to come back down to retest the previous Daily Logical Profit Objective that it broke. There's also a fibonacci retracement of 61.8% by the logical profit objective adds confluence.
3. 1Hour also has the H4 H&S that is in formation along with the retests from the higher timeframes.
4. 30Minute broke the 25x5 DMA (Green) which confirmed that we were in a confirmed down trend on the 30minute along with the MacD as a double confirmation.
5. 5Minute had 2 triangle patterns with the first one being confirmed and the 2nd was in formation during the trade. When it broke, it was then confirmed which took us to where we took profit at our Logical Profit Objective along with that 61.% retracement level.
2. 4Hour has a forming H&S pattern that is unconfirmed and has a bit of a high right shoulder, and based off of the daily analysis, we were expecting price to come back down to retest the previous Daily Logical Profit Objective that it broke. There's also a fibonacci retracement of 61.8% by the logical profit objective adds confluence.
3. 1Hour also has the H4 H&S that is in formation along with the retests from the higher timeframes.
4. 30Minute broke the 25x5 DMA (Green) which confirmed that we were in a confirmed down trend on the 30minute along with the MacD as a double confirmation.
5. 5Minute had 2 triangle patterns with the first one being confirmed and the 2nd was in formation during the trade. When it broke, it was then confirmed which took us to where we took profit at our Logical Profit Objective along with that 61.% retracement level.