DaniEduardo

DaniEduardo

the overall trend is a downtrend.

DaniEduardo

as you can see it failed to break through support and created a nice strong wick now it coming back down to test the trendline to hopefully break it and create a possible downtrend. keep it simple.

DaniEduardo

Nice wick rejection at resistance level indication of bulls still in control

DaniEduardo

As you can see its retesting a strong level and it seems that it will reverse at the 50% fib and continue the downtrend keep it simple.

DaniEduardo Updated 

As you can see a clear uptrend and a test of a very strong support level It previously created a false breakout and retested support and now it seems it has enough momentum to break the trend line and start creating a downtrend

DaniEduardo

level 78% and 100% and super strong levels where the pullback has the highest chance of reversing back down continuing the downtrend wait for the day to end in a good confirmation

DaniEduardo

as you can see a very strong bearish push downward and bears trying to push the price up but failed with a nice wick rejection

DaniEduardo

nice long wicks on the retest indication bulls are taking over.

DaniEduardo

wait for a good wick rejection or a bearish candle at the retest level indicating its continuing the downtrend KEEP IT SIMPLE.

DaniEduardo

enter at your own risk :)