D1 - Special or triple cycle completed, currently it looks like a retrace is happening in the form of two waves down,
Price still has room lower towards the 38.2% - 50% fibonacci retracement zone.
Bearish divergence followed by lower lower and then we had a pullback with bearish hidden divergence.
H1 - Bearish hidden divergence followed by bearish continuing divergence. We may now start looking for short term sells with more bearish evidences.
Price still has room lower towards the 38.2% - 50% fibonacci retracement zone.
Bearish divergence followed by lower lower and then we had a pullback with bearish hidden divergence.
H1 - Bearish hidden divergence followed by bearish continuing divergence. We may now start looking for short term sells with more bearish evidences.
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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.