Monthly:
We have a monthly bearish TL waiting for that 3rd touch
Price has rejected the Monthly Resistance with bearish engulfing candle. Bearish
Weekly:
Confirmation on Weekly TF for bearish momentum.
Broke the uptrend, big rejection indicating shooting star bearish .
Where seller came into the market.
Daily:
Broke the previous support.
Will most likely see an exhaustion to go test new resistance.
Potential setup is to wait for more sell orders and continue to make a new LL and continue to our new Support
4Hour:
ENTRIES!!
Wait for one correction move.
We will see impulsive move first the follow with an exhaustion(pullback).
Always crucial to wait for the second impulsive move.
We have a monthly bearish TL waiting for that 3rd touch
Price has rejected the Monthly Resistance with bearish engulfing candle. Bearish
Weekly:
Confirmation on Weekly TF for bearish momentum.
Broke the uptrend, big rejection indicating shooting star bearish .
Where seller came into the market.
Daily:
Broke the previous support.
Will most likely see an exhaustion to go test new resistance.
Potential setup is to wait for more sell orders and continue to make a new LL and continue to our new Support
4Hour:
ENTRIES!!
Wait for one correction move.
We will see impulsive move first the follow with an exhaustion(pullback).
Always crucial to wait for the second impulsive move.