Price Action: Bearish
Pattern: Break of daily support + 29 EMA *still in corrective phase
Long-Term Momentum: Bearish
Short-Term Momentum: Bullish
Bias: Short
Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support
Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term support zones, so if there is a break below these levels price should move freely.
Pattern: Break of daily support + 29 EMA *still in corrective phase
Long-Term Momentum: Bearish
Short-Term Momentum: Bullish
Bias: Short
Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support
Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term support zones, so if there is a break below these levels price should move freely.