H4 - Bullish trend pattern. Expecting the correction to continue lower further.
Price still has room lower towards the two key support zones.
The first support zone is formed by the 61.8% (119.581) fibonacci expansion level of the first wave and the 50% (119.370) fibonacci retracement level of the bullish trend pattern.
The second support zone is formed by the 100% (117.993) fibonacci expansion level of the first wave and the 61.8% (118.172) fibonacci retracement level of the bullish trend pattern.
H1 - Bearish trend pattern followed by double wave correction. Expecting further continuation lower towards the key support zones.
Price still has room lower towards the two key support zones.
The first support zone is formed by the 61.8% (119.581) fibonacci expansion level of the first wave and the 50% (119.370) fibonacci retracement level of the bullish trend pattern.
The second support zone is formed by the 100% (117.993) fibonacci expansion level of the first wave and the 61.8% (118.172) fibonacci retracement level of the bullish trend pattern.
H1 - Bearish trend pattern followed by double wave correction. Expecting further continuation lower towards the key support zones.