W1 - Price still has room lower towards the bottom of the bearish channel.
D1 - Potential bearish hidden divergence.
H4 - Bearish trend pattern, currently it looks like a correction is happening.
We have two important resistance zones that has formed based on the fibonacci retracement levels of the bearish trend pattern and the fibonacci expansion levels of the first wave we have.
Until these two resistance zones hold my view remains bearish here.
D1 - Potential bearish hidden divergence.
H4 - Bearish trend pattern, currently it looks like a correction is happening.
We have two important resistance zones that has formed based on the fibonacci retracement levels of the bearish trend pattern and the fibonacci expansion levels of the first wave we have.
Until these two resistance zones hold my view remains bearish here.
Commento:
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