D1 - Price is moving inside a falling wedge pattern.
H4 - There are two possible scenarios:
Scenario #1 - Price pushes higher, and enters the critical resistance zone that we have marked and also reaching the 100% Fibonacci expansion at 1485.22. This is where I will be looking for aggressive and conservative entries with bearish evidences.
Scenario #2 - We need the price to push lower and break the up trend line. After that we can start looking for sell entries with bearish evidences.
H4 - There are two possible scenarios:
Scenario #1 - Price pushes higher, and enters the critical resistance zone that we have marked and also reaching the 100% Fibonacci expansion at 1485.22. This is where I will be looking for aggressive and conservative entries with bearish evidences.
Scenario #2 - We need the price to push lower and break the up trend line. After that we can start looking for sell entries with bearish evidences.
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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.