As we can see on weekly timeframe, the price did momentum sell as bearish movement with EMA50 still above SMA20. This remarkable as downtrend. Thus, the minor movement of bullish is just a retracement to find setup reentry sell in weekly MA High 5 & MA High 10 area.
Then we lower down the timeframe to smaller as we can see Daily give a setup of minor extreme sell as it is a indication of early stage reversal trend. Then on daily there is a rejection candle as in bearish candle. Waiting for next candle to open, drop down to lower timeframe to get an entry point.
In H4 timeframe we can see the price is forming full diagram BBMA which are Extreme, then TPW, then forming MHV. Setup MHV is remark as market losses it volume as price fail to form momentum a.k.a breaking top BB. This confirming the price does not having a momentum to continue uptrend.
Then we lower down the timeframe to smaller as we can see Daily give a setup of minor extreme sell as it is a indication of early stage reversal trend. Then on daily there is a rejection candle as in bearish candle. Waiting for next candle to open, drop down to lower timeframe to get an entry point.
In H4 timeframe we can see the price is forming full diagram BBMA which are Extreme, then TPW, then forming MHV. Setup MHV is remark as market losses it volume as price fail to form momentum a.k.a breaking top BB. This confirming the price does not having a momentum to continue uptrend.