Weekly Trend Line 3rd bounce (downside)
Weekly Counter Trend line break
Weekly Support has been broken and retested
Moving average has crossed to downside
Trading below the 200 MA
Daily Trend Line Break out/ retracement.
Down Trend (Lower highs/lows)
MA is currently bearish aligning with weekly cross over
A,B,C,D fib (C 61.8% has been reached and reversed off at the same point as Weekly Resistance)
Bearish engulfing candles as it stands
4h double top reversal off C fib and weekly resistance
Counter trend line break = entry and M/A cross to follow for confirmation
Weekly Counter Trend line break
Weekly Support has been broken and retested
Moving average has crossed to downside
Trading below the 200 MA
Daily Trend Line Break out/ retracement.
Down Trend (Lower highs/lows)
MA is currently bearish aligning with weekly cross over
A,B,C,D fib (C 61.8% has been reached and reversed off at the same point as Weekly Resistance)
Bearish engulfing candles as it stands
4h double top reversal off C fib and weekly resistance
Counter trend line break = entry and M/A cross to follow for confirmation
