The close of this 4h candle didn't quite give me the 3LC (lower low lower close) I was looking for - we might see another retest of that 13.00 resistance, in which case I will be again looking for bearish entry confirmation. If we were to close above that .383 fib level, TO THE MOON!!!1 Just joking, I'll be then watching out for a bullish rotation though :)
Note
Looks like the market still can't decide what will be the next act of this story as we're consolidating a bit, but if we jump up to the daily timeframe however, we can clearly see that the flat bottom of 11.20ish has been tested a couple of times already and combined with the weakening slope of the price, to me that is yet another confirmation of a further downward movement - but first let's get out of that killzone (between the blue lines in my picture) and see what happens next!
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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.