Bearish
*Bearish engulfing candle on Weekly timeframe, closing below weekly support.
*New downtrend is being respected.
*Waiting for retest of downtrend which lines up with 50 and 200 EMAs
*50 EMA lines up with 50% Fib. retracement on 4H timeframe.
*Bearish engulfing candle on Weekly timeframe, closing below weekly support.
*New downtrend is being respected.
*Waiting for retest of downtrend which lines up with 50 and 200 EMAs
*50 EMA lines up with 50% Fib. retracement on 4H timeframe.