Price has broken back into the weekly channel to finish off the last week. Price has also broken the counter trendline, watching for a slight pullback to the resistance zone above for price to create a lower high, where then price from there may look to continue the downtrend & make a lower low next.
Comment:
Reversal pattern, bullish engulfing candlestick, next a hanging man candlestick leading with a bearish engulfing candlestick.
Comment:
D1: Strong resistance level in the past
Comment:
Weekly: Price rejected off key weekly resistance structure at the top, now below the big picture channel again.