Month Bearish Market EA - JW

4 Şub 2024

I analyzed the monthly timeframe, November's and December's candles were bearish. January's candle was bullish and retraced to the 78% or a little before it on the fib. I scaled down to the weekly timeframe and see ChoC-CH (change of character). The previous lows are being broken and then price retraced again just below the 78%. I believe price will continue to sell to the -27% on the fib which is also the target of the next low.