Confluence:
- Daily Up-Trend broken
- Impulsive move to the downside
- Rejection of 38.2% fib level
- Currently making a corrective pattern (Slow Down in momentum)
Confirmation:
- Break and retest of corrective pattern
- 1hr candle stick formation
- Looking for that momentum shift
Targets:
- 1.115 which is the monthly low.
- Daily Up-Trend broken
- Impulsive move to the downside
- Rejection of 38.2% fib level
- Currently making a corrective pattern (Slow Down in momentum)
Confirmation:
- Break and retest of corrective pattern
- 1hr candle stick formation
- Looking for that momentum shift
Targets:
- 1.115 which is the monthly low.
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.
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.