Setting up a support test of the 50 day MA on the 4 hour chart which also aligns with major resistance. reversing here would keep the 1hr chart from death crossing. We will see as the trend develops.
Breakout to the upside would need to make another attempt to breakout above the .80 resistance and succeed in order to resume parabolic gainz.
Breakout to the upside would need to make another attempt to breakout above the .80 resistance and succeed in order to resume parabolic gainz.
Comment:
** Sorry death cross would take place on the 30 min chart not 1 hr.