H4
Daily
What to do now?
- Triangle pattern break out and retesting the upward trend line ( purple line )
- Currently support by retracement Fibo level 0.236 and 200 SMA
- MACD shows a strong bearish momentum
- Histogram of MACD shows a red histogram that's mean the momentum still strong in bearish
Daily
- MACD line and Signal across to down and shows a downward trend signal
- The first red histogram formed under 0 shows the start of a bearish trend
What to do now?
- Short the market immediately or
- Waiting for confirmation due to currently is retesting the resistance zone and facing support on @H4
- Please do your own proper risk management