- Price broke outer trendline
- We saw a nice retracement to the fibzone - between 50%-61,8%
- Price did not quite bounce off the outer trendline , however this could be due to the daily demand zone as price immediately moved to the upside after slightly testing the zone.
- Will be looking to take profit at the 100% level as price is stuck within the main bearish channel
- Stochastics oversold on the daily timeframe and has already exited the oversold area on the H4 timeframe
- H4 MACD divergence confluence