Market as been on downtrend coming from the weekly timeframe.
On same weekly market forms a double top, broke the neckline and also breaking the previous support, then we got a pull back to a supply zone on daily time frame at 0.382 fib level.
Market was rejected with a daily bearish engulfing candle, and closed with a doji on weekly time frame.
On 4hr market broke a counter trendline now there is a pull back which is a good way to enter the trade if you didnt enter with the bearish engulfing candle.
Like always WAIT FOR A BEARISH CANDLE STICK PARTTERN
On same weekly market forms a double top, broke the neckline and also breaking the previous support, then we got a pull back to a supply zone on daily time frame at 0.382 fib level.
Market was rejected with a daily bearish engulfing candle, and closed with a doji on weekly time frame.
On 4hr market broke a counter trendline now there is a pull back which is a good way to enter the trade if you didnt enter with the bearish engulfing candle.
Like always WAIT FOR A BEARISH CANDLE STICK PARTTERN
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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.