Quick update on the intraday one hour chart which is showing an ongoing downtrend channel !
Currently below the clouds (which are roughly around the 50'000 psychological level, below Kijun-Sen, still slightly below
Mid Bollinger Band and slightly above Tenkan-Sen.
Selling pressure remains heavy and in order to neutralise it (in this short term 1 hour time...
Following my previous analysis, just published a couple minutes ago, I will go more in depth on shorter time frame
and I am going to explain the price action expected in this 1 hour time frame.
As you can see on the RSI indicator, a bullish divergence took place and it has been done on the long candle (hammer) and
also around the TS; such kind of price action...
