on the daily timeframe the price continues to form lower lows and lower highs. indicating that the trend is going down, and now the price has entered the discount price area and is experiencing rejection
then on the 4H timeframe we can see in the picture, the price is accumulating and there is a fakeout upwards and continues to decline until the breakdown downwards, the price will likely continue to decline
then on the 4H timeframe we can see in the picture, the price is accumulating and there is a fakeout upwards and continues to decline until the breakdown downwards, the price will likely continue to decline
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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.