1M
Strong bearish momentum taking out monthly and weekly levels, but price is starting to be far from EMA.
1W
Price rejected Weekly support and seems to be pulling back to find support at the downwards facing EMA.
1D
Daily price broke the monthly resistance and has now turned support, price retested this and now we could head back up to daily resistance for another test. We are now trading above downwards facing EMAS.
4H
Price has rejected the monthly level with a wick rejecting the EMA, with the following candle also forming a wick rejection. Last two candles are showing high high wicks and high low wicks, sellers are losing momentum.
Strong bearish momentum taking out monthly and weekly levels, but price is starting to be far from EMA.
1W
Price rejected Weekly support and seems to be pulling back to find support at the downwards facing EMA.
1D
Daily price broke the monthly resistance and has now turned support, price retested this and now we could head back up to daily resistance for another test. We are now trading above downwards facing EMAS.
4H
Price has rejected the monthly level with a wick rejecting the EMA, with the following candle also forming a wick rejection. Last two candles are showing high high wicks and high low wicks, sellers are losing momentum.
Trade closed: stop reached:
Stop hit