Hy guys!
On the weekly timeframe, we see a strong bearish movement going on for quite some time. We are not expecting it to stop before it hits the indicated blue support zone. Expecting a bearish movement and then probably a bullish bounce.
The price was suspended by the 0.5 Fibonacci retracements for a few days, but we have seen a big bearish candle on Friday that has closed beneath the retracement. We are now looking for the bearish movement to continue.
On the four hour timeframe, we are also looking for a continuing of the bearish movement. We may see some sideways or smaller bullish corrections on its way.
Looking for the bearish movement to continue. A smaller bullish bounce has happened from the indicated support zone. Looking for the price to break beneath the line and continue in the bearish direction.
Good luck with your trading!
On the weekly timeframe, we see a strong bearish movement going on for quite some time. We are not expecting it to stop before it hits the indicated blue support zone. Expecting a bearish movement and then probably a bullish bounce.
The price was suspended by the 0.5 Fibonacci retracements for a few days, but we have seen a big bearish candle on Friday that has closed beneath the retracement. We are now looking for the bearish movement to continue.
On the four hour timeframe, we are also looking for a continuing of the bearish movement. We may see some sideways or smaller bullish corrections on its way.
Looking for the bearish movement to continue. A smaller bullish bounce has happened from the indicated support zone. Looking for the price to break beneath the line and continue in the bearish direction.
Good luck with your trading!
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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.
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.