ETH - 4H(BIAS: 60%short - 40%confirmation) 21.12.14
We see price broke out below 3853.07 but confirmation is still necessary. If we see price respecting Support turned resistance(the area with arrows) with wick rejections then we can confirm bearish sentiment.
Note: Always wait for the market to create LH - LL(Bearish) and HL-HH(Bullish) to confirm the market trend.
Note: Always wait for the market to create LH - LL(Bearish) and HL-HH(Bullish) to confirm the market trend.
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