Here I have extended the 200ema from both the daily and the 4 hour chart. I have also used green lines for the daily support and resistance that I think will be respected because they line up well with the 200emas. Price seems to respect the 4hour 200ema but the daily 200ema is powerful. price is correcting and will fall again. That's my prediction anyway. Don't actually trade on this I am just practicing and using very little money to trade... I hope to be consistent one day.... and patient!
Comment:
got in short at 3297