– Time = 2H
– Structure = Downtrend
– Pattern = Downtrend channel
– Tendency = Downtrend
– Monthly Candle retests Fibonacci resistance.
– 4hr Chart indicates an inverse hummer retested at the dynamic resistance level
– Price created a downtrend channel forming LH and LL.
– Hence the EMA 50 day is below the price, my analysis indicates a BEARISH MARKET
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