M15 : As mentioned in my previous post, bullish divergences triggered a very short term reversal 50%. Fib Ret @ 39515 (41025-38005) filled Still below the donwtrend line resistance on this time frame As long as this resistance line is not clearly broken and more important the clouds resistance area, recent and current price action should be seen as a corrective move in a new bear trend.
Watch ongoing price action is screening closely M5 and M15 + confirmation on H1
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