Monthly Candlestick Forming spinning top, Bullish momentum since January 2019, EMA's indicate uptrend.
Weekly TF we see strong Bearish momentum, although blue EMA and Major Support zone held last week and price has been consolidating for 9 weeks.
On Daily, we saw how price went down on Monday and found support at 97.00, broked it and continue down, pullback on Thursday and finished the week with a strong bearish engulfing candlestick formation. Price has crossed EMAs and we could expect a crossover next week.
If we step down to 4H TF we can see how EMAs crossed over on Monday, a counter trendline was formed, we can see Head and Shoulders pattern completed this week, then price continued bellow 97.00, pulled back on Thursday and went down Friday and closed bellow previous day high.
Weekly TF we see strong Bearish momentum, although blue EMA and Major Support zone held last week and price has been consolidating for 9 weeks.
On Daily, we saw how price went down on Monday and found support at 97.00, broked it and continue down, pullback on Thursday and finished the week with a strong bearish engulfing candlestick formation. Price has crossed EMAs and we could expect a crossover next week.
If we step down to 4H TF we can see how EMAs crossed over on Monday, a counter trendline was formed, we can see Head and Shoulders pattern completed this week, then price continued bellow 97.00, pulled back on Thursday and went down Friday and closed bellow previous day high.