Hello traders:
Yesterday's price action was unclear, today, price on the four hourly has created a descending impulse channel to the downside after a false breakout to the upside.
Looking closer on the hourly, price action seems to be making a double top and Bearish Head & Shoulder. Price finished making a smaller impulsive move down, could we see a small corrective move up to touch the main trendline for a continuation to the downside?
Looking for price action to touch the gold zone for a better entry to the downside.
Yesterday's price action was unclear, today, price on the four hourly has created a descending impulse channel to the downside after a false breakout to the upside.
Looking closer on the hourly, price action seems to be making a double top and Bearish Head & Shoulder. Price finished making a smaller impulsive move down, could we see a small corrective move up to touch the main trendline for a continuation to the downside?
Looking for price action to touch the gold zone for a better entry to the downside.
Comment:
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Comment:
Price broke above descending channel on the hourly. Could we see price continue with the correction to the upside?