Daily Chart:
The red 21 EMA had already crossed below the green 50 SMA line.
Need the daily candle to close below the 21 EMA next for further confirmation, and possibly followed by a retest before heading down towards the orange 200 SMA, and setting up a lower-low after confirmation of the current lower-high that is setting up.
On the 4hrly, dominance has already broken down below the thick orange 200 SMA, as well as the 200 VWMA.
Same on the hourly chart.
The red 21 EMA had already crossed below the green 50 SMA line.
Need the daily candle to close below the 21 EMA next for further confirmation, and possibly followed by a retest before heading down towards the orange 200 SMA, and setting up a lower-low after confirmation of the current lower-high that is setting up.
On the 4hrly, dominance has already broken down below the thick orange 200 SMA, as well as the 200 VWMA.
Same on the hourly chart.
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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.