D1 - Price is at the middle of a bullish channel, bearish divergence forming.
We may now expect the price to move higher until it reaches the top of this channel and a bearish reversal to happen from there.
H4 - We have a magnet zone based on the top of the daily channel and the 100 fibo extension level of the two double cycles.
Once the price reaches this magnet zone, we may look for evidences of bearish reversal and then we can go short with the breakout of the most recent uptrend line.
We may now expect the price to move higher until it reaches the top of this channel and a bearish reversal to happen from there.
H4 - We have a magnet zone based on the top of the daily channel and the 100 fibo extension level of the two double cycles.
Once the price reaches this magnet zone, we may look for evidences of bearish reversal and then we can go short with the breakout of the most recent uptrend line.
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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.