Reasoning: 1) Bearish Engulfing which suggests that the price will potentially move lower for the coming hours/days and eventually reach point D 2) Point D forms at a key support level and if it holds, the price will most likely shoot upwards and confirm the Gartley pattern 3) TP @ 38.2% + 61.8% **For personal use only
Price has hit a key 423.6 resistant Fibo level which I believe will push lower to the horizontal resistance turn support at the level 1.75294. RSI is trending lower at a high overbought level and along with Stock trending down. Price may be pressured downwards to the key horizontal level. Confirmation on H4 shows downward pressure.