Last Month’s Candle closed as a after testing the resistance. also crossed to the down side.
2 weeks ago we saw a form at the bottom of the down trend, this was rejected by the monthly , forming a lower low. Followed by last week’s which tested the resistance. pointing downwards.
Yesterday’s candle closed with indecision in the market, , which closed below the resistance. If today’s price looks like it may close as an .
Price rallied to a key fib level twice, with the second time giving way and dropping breaking the CTL. Alongside this the has crossed back downwards. Last 4H candle has now closed below a monthly key level, turning the momently level from support to resistance.