pc1992

pc1992

Looks like price did break support line as anticipated, from here it could possibly make the retracement back to the broken support line now turned resistance and if it respects it, prepare for continuation of the bearish move. Alternatively price could respect lower time frame resistance and continue down but keep an eye on those zones.

pc1992

Price is forming what looks like a head and shoulders pattern at a higher time frame zone which adds to confluence of selling, also need to see a break of the blacks support line then it continues it's bearish market flow.

pc1992

Weekly has made a higher low, this could potentially result in a bullish breakout and subsequently continue its underlying bullish trend and make a higher weekly high