1) Top-down analysis
Weekly - Last two weeks closure, Closed with shooting star and rejected 0.92500
Daily - 3 candlestick rejection on major psychological level. It also respected on 1H/4H
CURRENT PRICE ACTION - Correction (Reversal)
2) Confluences
a. Major key level
b. FIB Golden zone
c. Major psych level
d. Correction on Key level
e. Potential Double top due to correction
Weekly - Last two weeks closure, Closed with shooting star and rejected 0.92500
Daily - 3 candlestick rejection on major psychological level. It also respected on 1H/4H
CURRENT PRICE ACTION - Correction (Reversal)
2) Confluences
a. Major key level
b. FIB Golden zone
c. Major psych level
d. Correction on Key level
e. Potential Double top due to correction
Note
Made a re-entry due to a fake-out
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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.