Monthly:
Price is retesting a previous resistance that now it is acting as support and it is also aligning with
the 38.2% of the monthly fib.
Weekly:
Price has a overall bullish structure and it is sitting at a strong zone of support and it could reject
the 61.8% of the weekly fib after the completion of the bearish W.
Daily:
After this over extended move to the downside we could probably see a bullish wave to the broken
structure from the support zone.
4H:
We will be monitoring price from a 4h perspective as now price is to bearish so we should wait for
price to change frome bearish to bullish.