The price is moving inside a short term down trend channel and retracted back to previous support line and now working as pressure line.
The SlowStoch is in over bought level and crossed in 16 hours time frame.
RSI is in 50 level and turned to south.
Try to short and target is the down trend channel bottom line area.
It could be the fifth wave to South.
The SlowStoch is in over bought level and crossed in 16 hours time frame.
RSI is in 50 level and turned to south.
Try to short and target is the down trend channel bottom line area.
It could be the fifth wave to South.
Comment:
The price is struggling in mulitple pressure lins. The price dropped back to origional short zone. Continue short