H4 - Bearish divergence followed by bearish convergence.
H1 - Potential hidden divergence forming already.
Trend line to meet the price a bit higher.
38.2% fibo retracement coincides with the trend line from the highs.
A perfect and ideal scenario here would be to get another push higher towards the trend line. Price to create a divergence on the M15 chart and then we can start looking for sells.
It is possible that we will see continuation down without that push up but if you want to be conservative make sure to get all the confirmations you need before jumping into a trade.
H1 - Potential hidden divergence forming already.
Trend line to meet the price a bit higher.
38.2% fibo retracement coincides with the trend line from the highs.
A perfect and ideal scenario here would be to get another push higher towards the trend line. Price to create a divergence on the M15 chart and then we can start looking for sells.
It is possible that we will see continuation down without that push up but if you want to be conservative make sure to get all the confirmations you need before jumping into a trade.