H1: A bearish divergence took place on the top of the recovery, confirmed by a bearish engulfing
pattern !
Ongoing reversal nearly already reached the 38.2% Fib ret of the last rally (47069-52652)
Looks like further downside is on the cards
M15 : Recent price action broke TS, MBB and KS.
Watch 50500-50000 as next support area.
50519 being the 38,2% Fib ret and 49860 the 50 % Fib ret ahead of 49201 which is the 61.8%.
All those levels coincides with the clouds support area
Monitor closely price action on M15 and H1
pattern !
Ongoing reversal nearly already reached the 38.2% Fib ret of the last rally (47069-52652)
Looks like further downside is on the cards
M15 : Recent price action broke TS, MBB and KS.
Watch 50500-50000 as next support area.
50519 being the 38,2% Fib ret and 49860 the 50 % Fib ret ahead of 49201 which is the 61.8%.
All those levels coincides with the clouds support area
Monitor closely price action on M15 and H1
