Here is why;
Daily
4 hour
Daily
- Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday
- Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower.
4 hour
- Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.
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.
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.