D1 - Bullish trend pattern completed.
Currently, it looks like a correction is happening.
Price still has room lower towards the strong support zone.
H4 - Price has reached a strong resistance zone. Bearish hidden divergence.
Until the downtrend line holds I expect the price to continue lower further.
Currently, it looks like a correction is happening.
Price still has room lower towards the strong support zone.
H4 - Price has reached a strong resistance zone. Bearish hidden divergence.
Until the downtrend line holds I expect the price to continue lower further.
Note
The price action followed my analysis and moved lower from the strong resistance zone, delivering an excellent move to the downside!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.