DislikedPIC 1 - Year 2000, when Monthly gann flip. Daily testing previous support at EMA 50 then bounce.
PIC 2 - If history repeat again, we might see GJ testing EMA 50 daily then bounce.
At the moment MACD Monthly pointing to north.Ignored
122 low til 140 looks impulse pattern. i think 140 marks wave 3.
we are only 100 pips away from 135, and 133.26 marks 38 fib from 122 to 140.
should be the areas to watch for bounce. if bounces (wave 4. diagonal patterns can be expected. the usual dance. lol
4hr macd should be going down below 0 line macd. should happen in couple of days if not tomorrow. should look for reversal.
1hr macd lines are already down below and we are at the daily gann.
will post chart later.