I can see many confluences giving me a bias to the downside. Here is my reasoning:
- Rejected @ 50% Fib Zone
- 200 EMA Acting as Resistance
- Monthly Support turning into Resistance
- 20/50 EMA rejected price
- Broke CTL Trendline + Weekly Support
- ABCD Play
Thank you and good luck.
- Rejected @ 50% Fib Zone
- 200 EMA Acting as Resistance
- Monthly Support turning into Resistance
- 20/50 EMA rejected price
- Broke CTL Trendline + Weekly Support
- ABCD Play
Thank you and good luck.