Description
⋅ Weekly:
1. Impulse
2. Brake of previous support
When I add fibonacci I see the price is not touch 38.2% yet for correction. Let's see what we have on lower timeframe.
Daily:
1. Impulse
2. Correction
3. Engulfing candle from 38.2% Fibonacci level
Looks very, very bearish and maybe will not see deeper correction to the monthly resistance.
4H:
1. Impulse
2. Correction
3. 3rd touch of trendline
4. Many engulfing candles
Looks nice for short from this level right now.