With Rejection @ 1.1760 Level with a Strong Engulfing candle, the bears could be in control going into next week and a lot of catalysts are lining up for them:
- 4th Leg looking like it has finalized and the 5th leg starting - Bearish Engulfing candle at what is now strong resistance - Weak retracement into engulfing candle - Well underneath 50MA and RSI rejection at 50 - Possible TP at around 1.1620 - Covid + for POTUS, and no stimulus yet for the US
Let me know your thoughts, comments, suggestions, etc. Cheers have a great weekend folks!!!