Description
⋅ Looks like it is struggling to go long, it might retest the red zone line to create a lower high and continue going short.
Market has already completed the round bottom. = 4 HR / Daily Time Frame
Round bottom- Found in the extended downtrend and signify reversal in long - term price movement (Shape like a "U" or it looks like a bowl)
Comment
⋅ This is a SHORT
Comment
⋅ So our prediction was right it retested the red zone. Price did manage to go up and beyond. But here we would look for a sell. If you were patient.
It took us with it but that is okay. We can now look for a sell.