As we've had multiple waves of downtrend, I expect another one happening around this current region.
The first zone charted coincides with a major resistance level, mthly pivot and 50%-61.8% retracement from the recent downward move.
Awaiting confirmation on H4.
The first zone charted coincides with a major resistance level, mthly pivot and 50%-61.8% retracement from the recent downward move.
Awaiting confirmation on H4.
Comment:
Previous zone invalidated. Still monitoring the higher true zone for a short entry.