We do however need to break and close below the 13EMA on 4H to confirm this breakout.
A video is coming!
The daily had a decent rejection yesterday of the support turned resistance, momentum can remain bearish here for the day.
The 4H we had a major breakout of the contraction, we are below the support level and the 13EMA and we are probabily going to go test 38.2%
On the 1H we are forming a possible bearish continuation and using 13EMA as a support... further more the DC/EMA combo crossed over.
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