Feeling bearish again in the short term. Why?
4 Hr chart:
-Hidden Bearish Divergence
-Trendline providing heavy resistance (repeated rejections)
-Hanging man candle followed by a small shooting star in the works.
We may be dropping down to test the S2 pivot and .786 Fib at the bottom of the golden pocket. Still could have a bullish bounce there, but if we fall through the S2 of the pivots, back to the drawing board!
4 Hr chart:
-Hidden Bearish Divergence
-Trendline providing heavy resistance (repeated rejections)
-Hanging man candle followed by a small shooting star in the works.
We may be dropping down to test the S2 pivot and .786 Fib at the bottom of the golden pocket. Still could have a bullish bounce there, but if we fall through the S2 of the pivots, back to the drawing board!
Does not look like the right shoulder will complete at this rate.