Weekly- Lower lows continuation, retested the Pennant. 4h- Entry ( 38.20% fib or 61.80%) 700 pip target!
Weekly- making lower highs 4h- Daily TL broken, Monthly resistance being re-tested
Weekly- bearish trend continuation, bullish exhaustion. H&S on daily.
Pennant close to breaking bullish, a lot of other aspects which are not mentioned in this analysis.
Weekly- monthly support/ Consolidation zone broken Daily- Consolidation zone broken/ currently being re-tested, New HH/ HL. MA's are bullish.
Weekly- Strong resistance zone 4h- needs a. re-test previous high/ fib.
Monthly- Extremely strong resistance/ 3rd leg forming. Weekly- bullish exhaustion/ bearish engulfing . Daily- MA's touching ( bearish )/ monthly tl/ previous high broken. (BOS)
Needs to re-test the monthly resistant/ previous high! or could it just take off?
Previous H needs to be re-tested, 38.20% (first tp) might push the prices back up!
weekly MA's are bearish, pullback. 4h- new leg formation. ( TL sell order hit)
Daily- Leg retesting the TL 4H- Liquidity zone, looking for a BOS on 30 min before entering.
Daily- HH's & HL's, bullish trend, MA's are bullish, TL holding nicely. 4h- Needs a retest, previous liquidity zone/ Daily TL / 61.80%
Daily- MA's are crossed over (bullish), New HL & HH has been formed. (looking for a re-test to prior H) 4h- MA's are bullish, Double top ( need the retest) fib 38.20%