After a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend .
Bearish move this week crossed the Weekly trendline with strong momentum.
I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level.
Consider this as the leg 1 of its bearish move, it created a lower low. And then rebalance for a few candles before another huge candle.
Estimated price to reach target at reversal zone around: Aug - Oct this year.
If you liked this idea or if you have your own idea about it, please do not hesitate to write in the comments.
Thank you
Bearish move this week crossed the Weekly trendline with strong momentum.
I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level.
Consider this as the leg 1 of its bearish move, it created a lower low. And then rebalance for a few candles before another huge candle.
Estimated price to reach target at reversal zone around: Aug - Oct this year.
If you liked this idea or if you have your own idea about it, please do not hesitate to write in the comments.
Thank you