Since most timeframes are in a sell market, ultimately a sell continuation is imminent even tho there will be a short h1 range (retracement). Expect shorting at the fib level 38.2 or the golden level 50.0 and 61.8, all the way to a h4 supply zone then you take your 2nd tp. Tp 1 is obviously the level 0 of the Fibonacci.
Multiple rejections at daily supply’s zone and no resistance above to push downwards plus h4 is now in a uptrend tp 1 is a h4 supply zone and here maybe price might pullback but will certainly continue upwards
Price got to the bottom of a H1 tf channel and gave a divergence buy signal and since there is no opposition in the higher timeframes the buy is secured.
Price is rejecting the 50 fib level and the former trend is downwards so a sell is about to continue on the 30m tf as a failed to retest or a sell on the H1 tf at the wicks of the rejection candle seen previously
PA show a downtrend ultimately so we are expecting a small retracement from that trendline support area and back to a recent H4 resistance level then we go short to the next strong daily support zone. Plus there’s a potential head and shoulder pattern forming
There will be a short move to the upside since price has been moving in a parallel channel and there are two dynamic support which is the moving average and the second side is the channel coupled with a rejection candle (bullish engulfing) but then heading for a counter trend resistance level for a deep sell.
