On the 4hr, the market has been on a downtrend as I see a sequence of impulses and corrections to the downside. The RSI has recently showed divergence and I will take as a warning. I mark the low and after applying trend line theory and fibo, I am able to say that:
a) The market will make a bigger 123 before resuming the down movement
b) The market already made the correction and it is in the making of the next impulse down
a) The market will make a bigger 123 before resuming the down movement
b) The market already made the correction and it is in the making of the next impulse down