Feeling bearish again in the short term. Why? 4 Hr chart: -Hidden Bearish Divergence -Trendline providing heavy resistance (repeated rejections) -Hanging man candle followed by a small shooting star in the works.
We may be dropping down to test the S2 pivot and .786 Fib at the bottom of the golden pocket. Still could have a bullish bounce there, but if we fall through the S2 of the pivots, back to the drawing board!
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Forgot to mention- You can also see a decline in buying volume.
Does not look like the right shoulder will complete at this rate.