This could be a potential bounce from the Trend line and if today's DAILY candle closes within the previous days range then we have ourselves an INSIDE BAR pattern. This price action will indicate a potential reversal of price to the downside.
Price is currently at 61.8% Fibonacci retracement which is a high probability zone for price rejection.
STOCHASTIC - SELL
RSI - in bullish territory
A break above 2.08006 will invalidate this technical analysis!
R
Price is currently at 61.8% Fibonacci retracement which is a high probability zone for price rejection.
STOCHASTIC - SELL
RSI - in bullish territory
A break above 2.08006 will invalidate this technical analysis!
R
