Note on 4hr,
Rejection from upper trend line again.
Symetrical triangle forming, meaning move could be either way.
BUT, my bias is Bearish because:
Head and shoulders formation
4th rejection from 4hr upper trendline,
4 daily doji's due to sideways move within channel until upper trendline touched.
looking into price further:
4 hr multiple MA's all moving to downside and spine broken (those familiar with Lynix Troll),
4hr Heiken Ashi candle just closed as Hammer.
Rejection from upper trend line again.
Symetrical triangle forming, meaning move could be either way.
BUT, my bias is Bearish because:
Head and shoulders formation
4th rejection from 4hr upper trendline,
4 daily doji's due to sideways move within channel until upper trendline touched.
looking into price further:
4 hr multiple MA's all moving to downside and spine broken (those familiar with Lynix Troll),
4hr Heiken Ashi candle just closed as Hammer.