Prices are facing bearish pressure from the descending trend line as well as horizontal swing high resistance which is in line with 100% fibonacci extension and 78.6% fibonacci retracement. Prices are likely to push down towards horizontal swing low support which is in lien with 100% fibonacci extension and 127.2% fibonacci extension. If prices break through descending trend line resistance and 1st resistance, price is likely to face resistance from 2nd resistance which is a horizontal swing high resistance which coincides with 78.6% fibonacci retracement. EMA is above prices, showing a bearish pressure for prices.
You mentioned that you changed EMA setting to 21 to align more closely with the fibonacci levels can you explain this please? Once again very nice chart work