Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week.
Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?)
Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support.
H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level.
30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken:
Aggressive approach: if a double top scenario happens then short at the double top!
Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting
Follow up as the week goes on....
Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support.
Aggressive approach: if a double top scenario happens then short at the double top!
Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting