Think we see a move up to the 0.786 fib level from the recent highs with a rejection down further if more blocks or doubt is cast on the new trade deals and tariffs.
TP would be the weekly lows
Bearish thoughts
- The fundamentals of the tariffs deals are getting challenged
- A bit more aggressiveness from china and we might see a move down
- Daily MACD is pointing down suggesting downward pressure which we are seeing on hourly chart
Bullish structure remains on the 4hr chart
TP would be the weekly lows
Bearish thoughts
- The fundamentals of the tariffs deals are getting challenged
- A bit more aggressiveness from china and we might see a move down
- Daily MACD is pointing down suggesting downward pressure which we are seeing on hourly chart
Bullish structure remains on the 4hr chart
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