Price is likely to reach Monthly Camarilla S3 level, where it would also complete the fractal and fill three existing inefficiencies to the downside with minor bullish reactions at their releasing points. Price will use the thin existing gap (between the two Kumo clouds) to break down. Price wis likely to retest the trendline / 8 daily vwma after the trendline break. VWMA is nearly aways retested by price when broken (if there is a moving average which gurantees a restet after the break it is VWMA - Volume Weighted Moving Average. VWMA retest can be used as a trading strategy).
I also believe price to make a new low, due to the rising dollar strngth as FED will increase interest rates soon again.
For educational purposes only.
I also believe price to make a new low, due to the rising dollar strngth as FED will increase interest rates soon again.
For educational purposes only.