-Respected daily trendline (black)
-M forming on the trendline (4h and lower)
-Emas indecisive Emas on the 1H (with the price)
-Price failed to make new Higher Highs, so we have dificulties going up
-We could wait for a retest of the daily, but then theres no M as confluence, or we could break the hourly counter trendline (blue) for further confirmation of downwards movement
-M forming on the trendline (4h and lower)
-Emas indecisive Emas on the 1H (with the price)
-Price failed to make new Higher Highs, so we have dificulties going up
-We could wait for a retest of the daily, but then theres no M as confluence, or we could break the hourly counter trendline (blue) for further confirmation of downwards movement