It depends on how this daily candle ends. if it closes and forms a shooting star, then a reversal might be in order.
hourly chart fulfills the 1hr's fibonacci retracement drawn in 2 directions.
the first retracement, drawn over a longer time frame, retested the 38.2% level twice. good profits to those who bought at this level and 50%
Not sure if this is a proper way to draw a retracement bu the prices have been long overdue for a retracement.
trend line is pushing prices down.
MACD is also point down plus candles are at the bottom of the trendline.
The day low of the past few daily candles are getting lower and lower