D1 - Price is at the top of the range. Special cycle completed. Bearish divergence formed.
H4 - Bearish divergence followed by bearish convergence, we may now expect pullbacks and then we can look for sells.
Target: Based on the special cycle we may expect the price to move lower until it reaches the zone of 38.2 fibo – 50 fibo retrace.
H4 - Bearish divergence followed by bearish convergence, we may now expect pullbacks and then we can look for sells.
Target: Based on the special cycle we may expect the price to move lower until it reaches the zone of 38.2 fibo – 50 fibo retrace.
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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.