DislikedI know what you mean, but currently, weekly has acceleration to the upside since last 3 weeks and momentum to the downside has slowed down. If you take fibo, the price stalled at exactly F50, and bring this rise with huge momentum, is that tell u something. By the way, how would you know if this is the new trend unfolding?
Now, if you a swinger, I think daily trend is already sufficient for your decision making but if you are a position trader, then weekly is better, however there are no exhausted pattern yet in weekly.. at least not yet..Ignored
-Daily: Price on 50 Ema, plus Bearish Divergence, plus FL 382 res [Geppy loves 382 & 500 FL's] from last down move [162.81 - 139.7], plus candlestick [dojis], plus s/r area.
-Weekly: Price below Gann HiLo, broken ascending TL, price below 50 Ema, MACD cross bearish.
Jhon
P.S: 4h TF, price is below Gann, OB levels.
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