Strong bearish wave (A) ended at level 119.76 after breaking major uptrendline on H4 frame
then corrective bullish wave (B) pullback for retesting broken uptrendline
Price after is rejected from Moving Average 100
Now we r in bearish wave (C), price broke key level at 121.06
MACD shows bearish momentum
RSI broke uptrend
It's expected for coming bearish movement to target the HVN at level 117.98
then corrective bullish wave (B) pullback for retesting broken uptrendline
Price after is rejected from Moving Average 100
Now we r in bearish wave (C), price broke key level at 121.06
MACD shows bearish momentum
RSI broke uptrend
It's expected for coming bearish movement to target the HVN at level 117.98
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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.