Daily and H4 analysis
We are experiencing our first signs of a bearish market as price trdaing below our OLD HH & HL STRUCTURES ON OUR H4 CHART. It must be noted that price made a trap move to the UPSIDE to crete a new High and trade immediate return to our broken High and close below it on the Daily chart. im expecting price to retest atleast 50% of the previous daily candle before price drops to the DOWNSIDE. This retest will form a double top pattern on our LFT's to push price to my targeted area around 12 656.4
We are experiencing our first signs of a bearish market as price trdaing below our OLD HH & HL STRUCTURES ON OUR H4 CHART. It must be noted that price made a trap move to the UPSIDE to crete a new High and trade immediate return to our broken High and close below it on the Daily chart. im expecting price to retest atleast 50% of the previous daily candle before price drops to the DOWNSIDE. This retest will form a double top pattern on our LFT's to push price to my targeted area around 12 656.4