Price closed below 200 EMA, Doji formed on resistance, divergence
Weekly - Previous resistance retested, price within descending triangle, indecision Daily - Strong bearish close outside CTL 4 hour - Double top formed, CTL broken, Price retesting CTL, awaiting break of previous low
Weekly - indecision on previous resistance, price rejected at 78.6 fib Daily - Bearish engulfing after indecision outside CTL, price formed a channel 4 hour - Price broken CTL, awaiting retest of the trend line
Weekly = price closed below monthly support, LH and LL formed Daily = CTL broken, fib 61.8% 4 hour = CTL broken, LH and LL formed
Possible entry. Weekly - Spinning top on the channel, 50% fib retrace Daily - CTL broken with a strong bullish candle 4 Hour -HH and HL forming
Overall good setup. Lets see how price reacts to the interest rate decision tomorrow
Weekly = 1. spinning top 2. bounced off two resistance lines Daily = 1. CTL broken 2. bounced off 61.8% fib level 4 Hour = 1. HH and HL formed 2. CTL broken and retested
CTL on 4 hour break and retest, reversal on weekly, daily close above CTL
Weekly = bearish engulfing on 50% fib Daily = break and retest of counter trend line, indecision candles 4 Hour = lower highs and lower lows, break of counter trend line, break of channel, retest of 20 ema
Possible ABCD pattern on Weekly. Spinning top on weekly and Daily. Lower low and lower high on 4 hour.
Price weakness on weekly @50 % retrace level Double bottom on Daily Higher lows formed on 4 hour