12EMA reducing distance with 50EMA, Closing funnel ,
12EMA may likely cross 50EMA downward if prices stay lower during week.
Retest of 20EMA, 50EMA failed on day close basis.
Short entry at confluence of flattened 50EMA and retest of 0.618 Fibo, gives double confirmation.
Price direction on lower side has higher probability.
12EMA may likely cross 50EMA downward if prices stay lower during week.
Retest of 20EMA, 50EMA failed on day close basis.
Short entry at confluence of flattened 50EMA and retest of 0.618 Fibo, gives double confirmation.
Price direction on lower side has higher probability.