However; W, D, 8H candle closes Look Bearish
Confluences: 1) Overall Down Trend 2) Descending Trendline Respected. 3) Fibonacci Regions Respected 4) Psychological Level 136 Respected
Descending Trendline Break. 4HR Break of Structure *(6PM). Break of previous resistance. Trading Above 8/14/21 EMA. EMA Cross Over.
Printed a Higher Low when testing the Asian Sessions High
If this bullish candle closes this way in 15 minutes. Open up a buy limit on the breakout boundary. TP 1 would be the first resistance but i intend to move stop to Breakeven and let this run
This is a pure prediction. I will check Price Action tomorrow morning to see if this is still of relevance. But There seems to be a lack of bullish behaviour on the upside.