we said in the previous analysis that the price tested the monthly downtrend According which, we should expect to have a downward trend. in that analysis, we also said that we have a strong zone on way WHICH SHOULD BE WORK BUT DIDNT. now we have another zone (black zone) that is able to react strongly, Aiming to create a head and shoulder pattern. so we should monitor it until get a good confirmation to enter into a long position.
If this prediction occurs, then we can expect the chart reach the red flag by the presented pattern on the chart that is another interesting opportunity to get into another position, this time a beautiful short.
If this prediction occurs, then we can expect the chart reach the red flag by the presented pattern on the chart that is another interesting opportunity to get into another position, this time a beautiful short.