- Break of Descending 1H and 2H Triangle
- Break of 1H Line Chart Support
4H break of Diagonal Support (Trend Line) possibly en route
- Today’s candle could print a bearish engulfing on the Daily timeframe.
- 2H line chart structure confirms downtrend price action. Lower High Created and Lower Low created
- Price is back into trend structure (Daily & Bearish)
- Expectation is for price to make a new Lower Low on the Daily Trend Structure
Nice bearish impulse just now on H4 through H1.
Price is now stalling a bit, where there was an inverse head & shoulders to the left on H4->H1. But the clues are still pointing to the downside.