the price is too close to the weekly resistance, so we expect the price will reject it making a correction
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
<<<<<<< like and follow >>>>>>>>
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
<<<<<<< like and follow >>>>>>>>