W1 - Price is bouncing lower from the strong resistance zone formed by the 61.8% fibonacci expansion level of the first wave.
Bearish divergence.
H4 - After the first move down currently it looks like a correction is happening in the form of a range.
Until the key resistance zone formed the top of the range and the 0.91 psychological level holds my view remains bearish here.
Bearish divergence.
H4 - After the first move down currently it looks like a correction is happening in the form of a range.
Until the key resistance zone formed the top of the range and the 0.91 psychological level holds my view remains bearish here.