W1 - Hidden bearish divergence.
D1 - Currently it looks like a retrace is happening in the form of double wave up, price reached the 38.2% (0.67937) to 50% (0.68850) fibo retrace zone. Bearish divergence.
H4 - Price reached a critical zone formed by the fibo levels of the cycles, bearish divergence.
We may now look for bearish setups with more bearish evidences in order to join the bears.
D1 - Currently it looks like a retrace is happening in the form of double wave up, price reached the 38.2% (0.67937) to 50% (0.68850) fibo retrace zone. Bearish divergence.
H4 - Price reached a critical zone formed by the fibo levels of the cycles, bearish divergence.
We may now look for bearish setups with more bearish evidences in order to join the bears.
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.
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.