With Rejection @ 1.1760 Level with a Strong Engulfing candle, the bears could be in control going into next week and a lot of catalysts are lining up for them:
- 4th Leg looking like it has finalized and the 5th leg starting
- Bearish Engulfing candle at what is now strong resistance
- Weak retracement into engulfing candle
- Well underneath 50MA and RSI rejection at 50
- Possible TP at around 1.1620
- Covid + for POTUS, and no stimulus yet for the US
Let me know your thoughts, comments, suggestions, etc. Cheers have a great weekend folks!!!
- 4th Leg looking like it has finalized and the 5th leg starting
- Bearish Engulfing candle at what is now strong resistance
- Weak retracement into engulfing candle
- Well underneath 50MA and RSI rejection at 50
- Possible TP at around 1.1620
- Covid + for POTUS, and no stimulus yet for the US
Let me know your thoughts, comments, suggestions, etc. Cheers have a great weekend folks!!!