D1 - Price is nearing the bottom of the range.
If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again.
H4 - We have a critical zone that has formed based on the fibo levels of the cycles.
We may now expect one more push lower from the current zone towards this critical zone, we may then look for more bullish evidences in order to join the bulls.
We also have potential bullish divergence that is forming at the moment.
If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again.
H4 - We have a critical zone that has formed based on the fibo levels of the cycles.
We may now expect one more push lower from the current zone towards this critical zone, we may then look for more bullish evidences in order to join the bulls.
We also have potential bullish divergence that is forming at the moment.
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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.