Price in downward channel on 1h chart, hit upper trend line. Broke uptrend line on 15 min chart and currently consolidating at support / resistance zone. Having wicks to upside showing bears defending zone, 15 min candle starting bearish at open.
- Total market in mid term reversal pattern getting rejected at 4 hour ema. Expecting another move lower to at least the previous lows and furthur consolidation for remainder of day
- Total market in mid term reversal pattern getting rejected at 4 hour ema. Expecting another move lower to at least the previous lows and furthur consolidation for remainder of day
Trade closed: stop reached