----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - or
----> Candle - Structure - Fib - Bias - Overall
Weekly - Market bias still remains . Price as broken and closed below the previous weekly support ending in a strong candle. Price is in the fib extension zone and as created a lower low. How strong will the pullback be (time-frame dependant) or could we see strong tailwinds supporting the bears.
Daily - Price has made a lower low in more detail and again finished below the weekly support now turned resistance. It is possible to see a retest of structure (time-frame dependant) before gaining moment to the south side.
4hr - Here we see a higher low has been created by the market. A engulfing/ pattern formation as formed and although it is on a major structure it is within the zonal areas of the weekly support. Could we see price reversing and supporting a run for the week or is it a mere pull back to the weekly and 4hr support turned resistance?
1hr - From the charts, the market supports looks to carry out a retracement to the weekly and 4hr resistance levels. Before continuing the .