- Moving average cross occurring on 4Hr, as well as negative trend on daily
- Stop hunt circled to the upside, indicates further downside movement.
- Price looking to break channel movement, due to the following: Price is currently at a low point in the channel and MA's are crossing over indicating further downside (discussed above).
- Price structure since 05/04/18 on the daily has been a clear higher low, lower low. Price is yet to breach the previous high - If this occurs bias' would likely change.
- Breaks of trendlines with an upside bias are easily broken - indicating significant downside momentum. New downside trendline formed.
- Stop hunt circled to the upside, indicates further downside movement.
- Price looking to break channel movement, due to the following: Price is currently at a low point in the channel and MA's are crossing over indicating further downside (discussed above).
- Price structure since 05/04/18 on the daily has been a clear higher low, lower low. Price is yet to breach the previous high - If this occurs bias' would likely change.
- Breaks of trendlines with an upside bias are easily broken - indicating significant downside momentum. New downside trendline formed.