downtrend continuation confirmed on the hourly for the next leg

70
1-4 : lower highs and lows
4: a dip under the lowes low in the local structure ,
followed by a pullback, then a confirmation STRONG volitle
push back below the buyers from #2, for me the candle closing
down here signals buyers have interest

* what do I think will happen

* notice : RSI + MFI , making a sort of triangle shape, this is good
for signaling a turn in the market, not to mention oversold almost
on both.

* according to the chaos theory indicator , over the past 2,500 bars, if a bar closed
under a zone, we have a 65% chance to reach the next zone below, good for us
because the bar did close under the zone

* using these various factors I like the idea of a continuation down trade.

Penafian

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