W1 - Price moving inside channel, Currently the price which is near the top of this channel has bounced from the previous swing high. Bearish divergence is being formed.
H4 - Special cycle completed, we may now expect the price to reach the 38.2% - 50% retrace zone.
Bearish divergence followed by bearish convergence formed. We may now expect a flat correction or double wave correction and then we can look for sells.
H4 - Special cycle completed, we may now expect the price to reach the 38.2% - 50% retrace zone.
Bearish divergence followed by bearish convergence formed. We may now expect a flat correction or double wave correction and then we can look for sells.