Daily price has retraced up to a key resistance zone and
the 50 and 200 ema golden cross
From a candlestick perspective we have one candle that shows indecision on Wed and Bearish engulfing on Thursday.
Price is sitting on an extreme support level.
Daily has printed a clear low test candle
2.24 R to next level of resistance
Room to the left
Daily MACD Histogram Divergence
Weekly chart showing weakening strength of the Bear by back to back low test candles
Price has fallen off following a double top on the daily
Daily MACD Divergence supporting our SHORT bias
Weekly chart is showing signs of waking bullish pressure
Recent candlesticks on the weekly is showing indecision
Entry on 4 hour H/S pattern
Possible formation on a Head & Shoulders pattern.
Todays price action closed with a clean Low test candle.
Daily price action was decelerating while approaching the support zone confirming weakening Bearish momentum .
Monthly price action seems to have found support and printing large lower wicks
Weekly Double Bottom
Weekly MACD Divergence
Daily Price broke above a key Resistance level and also above a dynamic trend line
Price holding above all key resistance levels
Price seems to have found its base around 110.80 zone and has been printing High Lows since then. I like the long lower shadow consolidation. LONG if price takes off the high of the DOJI at 111.747 zone