Monthly market is on a bearish trend, last months candle closing as a hanging man.
Daily charts is currently also showing a hanging man with yesterdays candle being engulfed (bearish) by todays.
on 4 hour chart, a head and shoulders pattern has been formed, along side the EMA crossing over with the EM.
Due to these 3 factors i predict a drop in the market.
Daily charts is currently also showing a hanging man with yesterdays candle being engulfed (bearish) by todays.
on 4 hour chart, a head and shoulders pattern has been formed, along side the EMA crossing over with the EM.
Due to these 3 factors i predict a drop in the market.