Monthy:
`On the Monthly we can see where price is coming from, that there was a significant deceleration of the price.
Potentially Bulls getting out of the market and the bears were just preparing the move to the downside.
Monthly Bearish W pattern. Significant monthly highs.
Weekly:
-68 Fib completion
Weekly highs
descending TL
Daily
Daily deceleration at the weekly high selling zone
Daily indicational bearish candle
4H
BOS
4h H+S
`On the Monthly we can see where price is coming from, that there was a significant deceleration of the price.
Potentially Bulls getting out of the market and the bears were just preparing the move to the downside.
Monthly Bearish W pattern. Significant monthly highs.
Weekly:
-68 Fib completion
Weekly highs
descending TL
Daily
Daily deceleration at the weekly high selling zone
Daily indicational bearish candle
4H
BOS
4h H+S
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.