Price is located at the top of the trend lines on the H1 and H4. The patterns show that price has not been able to break that white trend line so this can indicate a possible short sell. If it breaks that white trend line it can be a possible buy.
Right now price broke and closed below the 50MA on the 30MA. If price closes below 50MA on H1 im looking for a sell. If it closes below 200MA on H1 it'll be more confirmation for sell. If you look at the daily it's also in a descending triangle formation indicating that price will eventually break downward.
Right now price broke and closed below the 50MA on the 30MA. If price closes below 50MA on H1 im looking for a sell. If it closes below 200MA on H1 it'll be more confirmation for sell. If you look at the daily it's also in a descending triangle formation indicating that price will eventually break downward.