There is a HEAD AND SHOULDER developing on the 4Hr chart. The 1Hr is showing bearish sentiment. A trace higher to the level where the circle is shows resistance converging and blocking a move higher.
The over all trend on the daily still seems to be Bearish. So time frames are aligning short term. We still have the monthly T LINE acting as support. I think enough room exists for a move lower from the area defined for a half day approximately.
The over all trend on the daily still seems to be Bearish. So time frames are aligning short term. We still have the monthly T LINE acting as support. I think enough room exists for a move lower from the area defined for a half day approximately.