D1 - Price respecting downtrend line and alternative trend line.
Currently the price has reached the downtrend line, we may now expect the price to respect this trend line again and move lower.
H1 - Price broke below the uptrend line, we may now look for pullbacks and sells.
Invalidation: If the price moves higher and breaks above the D1 downtrend line then this setup is invalidated.
Currently the price has reached the downtrend line, we may now expect the price to respect this trend line again and move lower.
H1 - Price broke below the uptrend line, we may now look for pullbacks and sells.
Invalidation: If the price moves higher and breaks above the D1 downtrend line then this setup is invalidated.