Take the time to read the note on the chart.
Weekly chart is showing that price has reached the weekly key level and also closed with buyers exhaustions @78.6% on fib level, that would be considered as a confluence area. On H4 the last HL point that was made was broken, price closed below it. On LTF we should looking for a retest for that bearish move for the coming up week.
H4
https://www.tradingview.com/x/iFarxlK7/
Daily
https://www.tradingview.com/x/4XqXOuEm/
Weekly
https://www.tradingview.com/x/AcvhHpz3/
Weekly chart is showing that price has reached the weekly key level and also closed with buyers exhaustions @78.6% on fib level, that would be considered as a confluence area. On H4 the last HL point that was made was broken, price closed below it. On LTF we should looking for a retest for that bearish move for the coming up week.
H4
https://www.tradingview.com/x/iFarxlK7/
Daily
https://www.tradingview.com/x/4XqXOuEm/
Weekly
https://www.tradingview.com/x/AcvhHpz3/
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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.
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.