The close of this 4h candle didn't quite give me the 3LC (lower low lower close) I was looking for - we might see another retest of that 13.00 resistance, in which case I will be again looking for bearish entry confirmation. If we were to close above that .383 fib level, TO THE MOON!!!1 Just joking, I'll be then watching out for a bullish rotation though :)
Note
Looks like the market still can't decide what will be the next act of this story as we're consolidating a bit, but if we jump up to the daily timeframe however, we can clearly see that the flat bottom of 11.20ish has been tested a couple of times already and combined with the weakening slope of the price, to me that is yet another confirmation of a further downward movement - but first let's get out of that killzone (between the blue lines in my picture) and see what happens next!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.