H4 - Bearish trend pattern followed by double wave correction.
Bearish convergence, Uptrend line breakout.
Until the key resistance zone formed by the 50% - 61.8%, Fibonacci retracement zone holds my view remains bearish here.
Bearish convergence, Uptrend line breakout.
Until the key resistance zone formed by the 50% - 61.8%, Fibonacci retracement zone holds my view remains bearish here.
Note
The price action followed my analysis and moved lower, 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.