H4 - Price is bouncing lower from a key resistance zone formed by the 100% Fibonacci expansion level of the first wave and the 61.8% Fibonacci expansion level of the second wave.
Bearish divergence.
Price still has room lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement levels of the bullish trend pattern.
H1 - Bearish trend pattern.
Until the strong resistance zone holds my short term view remains bearish here.
Not
The short-term bearish move happened exactly as I expected it to!
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