weekly showed a previous week bullish pin bar. weekly showed bear signs.
1.cross of moving averages.2. bullish pin bar.
the daily showed a strong push down on previous weeks candles. little to no pull back.
the 4h showed price in a down trend and just now breaking a previous support level.
Pulling a fib retracment from high to low. the support that was broken. the 38.2% lines up perfectly on that previous structure zone.
gonna wait for price to reject the 38.2% and go on lower time frames to see the break of structure. (m30, m15 maybe.)
1.cross of moving averages.2. bullish pin bar.
the daily showed a strong push down on previous weeks candles. little to no pull back.
the 4h showed price in a down trend and just now breaking a previous support level.
Pulling a fib retracment from high to low. the support that was broken. the 38.2% lines up perfectly on that previous structure zone.
gonna wait for price to reject the 38.2% and go on lower time frames to see the break of structure. (m30, m15 maybe.)
Comment:
price broke trend on 4h.