Self-explanatory, additional analysis use fib to better understand. Let's see how it plays out....
Price has broken through the major zone and heading to the next level, however, expect rejection/pull-back within the minor zone but the trajectory still remains to the downside. Let's see how it plays off. 🤞😎
Price already retested an important level on the Daily and Weekly time frame. Also, you can see the market is making lower lows on the smaller time frame.
Simple setup with Fib indicating a rejection around the highlighted area which in turn signifies a downtrend to the next level. Let's see how it plays off
Price is currently sitting at support and there is a divergence on the 1HR chat