As we can see, in the daily timeframe we se price creatinh lower highs and lower lows, showing us a downtrend direction with the break of last significant lows, and is now reaching an exaustion in a wedge pattern (4H) and rejecting multiple times the upside movement.
It is also in the end of right shoulder of an inverted head and shoulders pattern.
Is it going up or down? Do you thing price will continue the downtrend or will retest major resistance again?
It is also in the end of right shoulder of an inverted head and shoulders pattern.
Is it going up or down? Do you thing price will continue the downtrend or will retest major resistance again?