Price is below daily and weekly pivot. Break of bullish ascending channel structure and now creating lower lows and highs. 1hr + 4hr bearish engulfing candle rejection off the daily pivot. TP near demand zone. 4hr resistance level is respected. Rejection area at 0.382 fib signaling possible strong continuation move to the downside. ADX is trending and negative. Momentum is negative. Price is below all moving averages and fanning. Price is at the top of descending channel.
Check out my free weekly signals on telegram, join here: t.me/joinchat/AAAAAE4xpI9s6klPsPcTuA
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.
Check out my free weekly signals on telegram, join here: t.me/joinchat/AAAAAE4xpI9s6klPsPcTuA
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.