Bearish flag patter.
Equal highs with break out to collect buy side liquidity.
Price is showing confirmation above
previous highs, but still is in consolidation mode.
We can potentially see run up to 39200 with wick above.
Fibonacci. Above 0.5 we are in overpriced area.
Discount area 0.786 for possible comeback,
which would be the same area from where price brake through. It would also confirm blue trend line up.
If your bias is short look for short term entries and imbalance area, for bigger trade look for shorts at 39 or above with a sudden price action move.
If your bias is long, look for buys at 0.7-1 fib level.
4h has divergence, which shows weakness of buying power.
Equal highs with break out to collect buy side liquidity.
Price is showing confirmation above
previous highs, but still is in consolidation mode.
We can potentially see run up to 39200 with wick above.
Fibonacci. Above 0.5 we are in overpriced area.
Discount area 0.786 for possible comeback,
which would be the same area from where price brake through. It would also confirm blue trend line up.
If your bias is short look for short term entries and imbalance area, for bigger trade look for shorts at 39 or above with a sudden price action move.
If your bias is long, look for buys at 0.7-1 fib level.
4h has divergence, which shows weakness of buying power.