purnalimbu

purnalimbu

Price closed below 200 EMA, Doji formed on resistance, divergence

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Weekly - Previous resistance retested, price within descending triangle, indecision Daily - Strong bearish close outside CTL 4 hour - Double top formed, CTL broken, Price retesting CTL, awaiting break of previous low

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Weekly - indecision on previous resistance, price rejected at 78.6 fib Daily - Bearish engulfing after indecision outside CTL, price formed a channel 4 hour - Price broken CTL, awaiting retest of the trend line

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SELF EXPLANATORY

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Weekly = price closed below monthly support, LH and LL formed Daily = CTL broken, fib 61.8% 4 hour = CTL broken, LH and LL formed

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Possible entry. Weekly - Spinning top on the channel, 50% fib retrace Daily - CTL broken with a strong bullish candle 4 Hour -HH and HL forming

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Overall good setup. Lets see how price reacts to the interest rate decision tomorrow

purnalimbu Updated 

Weekly = 1. spinning top 2. bounced off two resistance lines Daily = 1. CTL broken 2. bounced off 61.8% fib level 4 Hour = 1. HH and HL formed 2. CTL broken and retested

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CTL on 4 hour break and retest, reversal on weekly, daily close above CTL

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Weekly = bearish engulfing on 50% fib Daily = break and retest of counter trend line, indecision candles 4 Hour = lower highs and lower lows, break of counter trend line, break of channel, retest of 20 ema

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Possible ABCD pattern on Weekly. Spinning top on weekly and Daily. Lower low and lower high on 4 hour.

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bearish momentum on weekly and daily, range broken out on 4 hour

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Price weakness on weekly @50 % retrace level Double bottom on Daily Higher lows formed on 4 hour

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double top, break of trend line and retest of 20 ema