M15 : As mentioned in my previous post, bullish divergences triggered a very short term reversal
50%. Fib Ret @ 39515 (41025-38005) filled
Still below the donwtrend line resistance on this time frame
As long as this resistance line is not clearly broken and more important
the clouds resistance area, recent and current price action should be
seen as a corrective move in a new bear trend.
Watch ongoing price action is screening closely M5 and M15 + confirmation on H1
50%. Fib Ret @ 39515 (41025-38005) filled
Still below the donwtrend line resistance on this time frame
As long as this resistance line is not clearly broken and more important
the clouds resistance area, recent and current price action should be
seen as a corrective move in a new bear trend.
Watch ongoing price action is screening closely M5 and M15 + confirmation on H1
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Related publications
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.