top formation in progress, coupled with a RSI divergence and last but not least, the last H4 candle is
showing also a BEARISH PATTERN.
Therefore, upcoming candle price action should be watch at very carefully as a failure to recover and close at least
above the middle level (@ 4'574) of the last black candle or better above the former high, which would trigger respectively,
either a PIERCING LINE PATTERN or even better a BULLISH PATTERN,,would be the second signal
of a trend reversal calling for lower level towards :
2)4'515-4'510 (H4 cluster support)
3) 4 hours clouds
4) 4'442.50 ( trigger level & H4 clouds bottom
A breakout of the 4'442.50 level would confirm the , targeting 4'295.25 or a retest of former congestion support seen at the end of January !
Globally, watch the 4 hourly clouds as the major and watch at the daily clouds (in overlay) as the major resistance
area in this 4 hour/1 day time frame.
As usual, monitor closely price action in shorter intraday time frame which will help you to detect early signal(s) in order to validate or invalidate
the implications previously mentioned.
Have a nice trading day
Ironman8848 & Jean-Pierre Burki
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.