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1 HOUR Strong dropping market with a lot of pressure.
4 HOUR 80% Pullback of previous wave and low/high - structure,
DAILY Bullish waving market with a very strong pullback now.
OVERALL Expecting market to drop even further on monday towards or even below previous lows taking out several long holders and buyers. Looking forward a 50% Pullback of previous bearish break and price movement. Good luck
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I agree the SR you marked at 1.11877 is solid. The PA could retest there quite easily. I’ll keep my eyes open.
In the more short term, I will be looking for long action. I think we are probably at the second HL of the current 4H UT that started on 30 May 2019. I’m looking for a break in the RSI above its current trendline. We may also want to see the PA break above the trendline.