Hello traders, Here I have checked the 4H chart !
The price has had a correction move
after a long time peaceful,
I predicted in my previous analysis and
we got the price action!
After the short correction
the price is ready for a new up wave.
Since price has hit a fibo support(618%) ,
there has been signals of downtrend slowing .
The candlesticks are showing the beginnings of
a change of command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach
target of at least 4.3.
If price successfully breaks pressure level at 4.3,
price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
The price has had a correction move
after a long time peaceful,
I predicted in my previous analysis and
we got the price action!
After the short correction
the price is ready for a new up wave.
Since price has hit a fibo support(618%) ,
there has been signals of downtrend slowing .
The candlesticks are showing the beginnings of
a change of command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach
target of at least 4.3.
If price successfully breaks pressure level at 4.3,
price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
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+10%
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4.00 break
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