The last H1 does look like a bullish engulfing, however, I think it's demand that's caused price to travel as high as it did. The 10 EMA appears to be holding price on the hourly, and we're getting lower highs.
Also, I think I can see a descending triangle on the hourly, comprising of just the last 11 hourly candles.
I think we're going further down.
Also, I think I can see a descending triangle on the hourly, comprising of just the last 11 hourly candles.
I think we're going further down.