1M
Last month we saw price pull up to the downwards facing EMA and reject it, this same candle also tested the 124 monthly support then closing as a bearish engulfing.
1W
Last week’s candle closed with a doji indicating indecision, this tested same Monthly support level. EMA pointing downwards.
1D
Today’s price action is rallied up towards the downwards facing EMA, and currently rejected the 124.902 daily resistance level. If we close anywhere under the EMA this candle can be classified as a shooting star.
4H
Price action on the 4H has reached daily resistance 124.902, which we saw a bearish engulfing form at the high of this move. This price also breaches the previous daily high, alongside my preferred fib zone. Looking to see price retest the monthly support 124.
Last month we saw price pull up to the downwards facing EMA and reject it, this same candle also tested the 124 monthly support then closing as a bearish engulfing.
1W
Last week’s candle closed with a doji indicating indecision, this tested same Monthly support level. EMA pointing downwards.
1D
Today’s price action is rallied up towards the downwards facing EMA, and currently rejected the 124.902 daily resistance level. If we close anywhere under the EMA this candle can be classified as a shooting star.
4H
Price action on the 4H has reached daily resistance 124.902, which we saw a bearish engulfing form at the high of this move. This price also breaches the previous daily high, alongside my preferred fib zone. Looking to see price retest the monthly support 124.