SEE PICS BELOW!
DAILY CHART
- short term pullback (overall trend is a downtrend)
- price currently consolidating between monthly and daily levels (red and black lines)
- daily candle closed with a rejection candle
- daily close candle has been rejection from 50% fib level
- price has been rejected from a key level of 129.713 which has been tested as S/R multiple of times
4 HOUR CHART
- price did not make a higher high
- got a nice strong bearish candle from the key level of 129.713
- 129.713 level tested multiple of times which makes for a respectable level
TARGETS
- TP1 would be looking at level 128.800
- TP2 level would be a retest of the monthly level of 127.560
DAILY CHART
- short term pullback (overall trend is a downtrend)
- price currently consolidating between monthly and daily levels (red and black lines)
- daily candle closed with a rejection candle
- daily close candle has been rejection from 50% fib level
- price has been rejected from a key level of 129.713 which has been tested as S/R multiple of times
4 HOUR CHART
- price did not make a higher high
- got a nice strong bearish candle from the key level of 129.713
- 129.713 level tested multiple of times which makes for a respectable level
TARGETS
- TP1 would be looking at level 128.800
- TP2 level would be a retest of the monthly level of 127.560