----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr ----> Support & Resistance Structure & Key Levels ----> HH, HL, LH, LL, FIBS ----> Price Action & Candlestick Formation(s) ----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs ----> Break & Close of Major S/R Structure - Bullish or Bearish ----> Candle - Structure - Fib - Bias - Overall
Weekly - The market looks to have completed the bullish pullback and the bearish extension has commenced. There's no break or close of previous s/r structure. Lets see where we can find targets on the lower timeframe.
Daily - Price has made a double top on the recent daily resistance and is in a bearish pullback/reversal. We could see bearish targets at the 143.5.144 zonal areas. The market ended as a bearish candle lets see where we are on the lower timeframes.
4hr - The bearish bias still continues with price having retraced and broken the previous 4hr structure. The last trading candle of the week finished s a bearish engulfing so we can possibly see a small retrace before continuations to the downside of the market.
1hr - As per the previous timeframes we're are in a bearish trend at present. We can either see price retrace a little before continuing to the downside.