As seen on 4hr timeframe price has reached previous 4hr highs at 17600 and fib from previous weekly candle stick from swing high to swing low
Confluences:
1.Price is rejecting from physiologically level 17600
2. Price is rejection of 50% fib level
3.Price has grabbed liquidity at previous 4hr highs and put in a bearish engulfing candle
Confluences:
1.Price is rejecting from physiologically level 17600
2. Price is rejection of 50% fib level
3.Price has grabbed liquidity at previous 4hr highs and put in a bearish engulfing candle