Matic 🛤️ Break + Retest 1.0069?
Updated
Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
Note
Price is respecting 1.0159 a tiny bit past our 1.0069 break and retest level. Bear maintained as bias as long as we hold below 1.0227Note
Price filled the Previous Daily Low with momentum from the new weekly candle and previous daily closures. Very nice break and retest jsut as anticipated except it wasn't at 1.0069 but at 1.0159 daily level. So just a bit higher but not muchNote
Pirce has just tapped into .9559 Daily Level and has continued momentum to the downside.
These levels were plotted out in advance and highlight
the momentum to the downside.
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