- Three times higher prices have been rejected
- red pin bar candle has formed at the .618 fib and closed lower than green candles on hourly chart also.
- Rsi is bearish
- TP set at major support level
- red pin bar candle has formed at the .618 fib and closed lower than green candles on hourly chart also.
- Rsi is bearish
- TP set at major support level
Note
on the 5 min chart around European open a cypher pattern was successfully formed and gave further confirmation of bearish momentum at the 618 fib zone shown above.
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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.