Price breaks and retested broken support level that lined up with H4 moving averages and 50.0 Fib ratio.
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This swing is also a possible Wave 4 of ending diagonal wave and price has the potential to move down towards the support zone & -27.0 Fib area to complete the Wave 5.
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Price has also made a daily bearish engulfing candle and inside candle which are further confirming the bearish potential.
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We will look for the breakout of the corrective structure CTL for entry.
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Safe trading!
.
This swing is also a possible Wave 4 of ending diagonal wave and price has the potential to move down towards the support zone & -27.0 Fib area to complete the Wave 5.
.
Price has also made a daily bearish engulfing candle and inside candle which are further confirming the bearish potential.
.
We will look for the breakout of the corrective structure CTL for entry.
.
Safe trading!