H4 : The expected bearish scenario occured and the triangle target @ 48232 has been reached !
So what next ?
Looking ahead, the global picture remains heavy and more downside is on the cards
While on very short term, it is likely to see some technical rebound which should still be seen
as a corrective move only, and NOT AS A TREND REVERSAL YET !!
Therefore, as usual, I would strongly suggest to screen carefully shorter time frames H1 and M15
to get intermediate signal (s) such as short term bullish divergences in order, for those who want to
play tactically a short term rebound which should be monitored in a disciplinated manner (Risk Reward ratio)
So what next ?
Looking ahead, the global picture remains heavy and more downside is on the cards
While on very short term, it is likely to see some technical rebound which should still be seen
as a corrective move only, and NOT AS A TREND REVERSAL YET !!
Therefore, as usual, I would strongly suggest to screen carefully shorter time frames H1 and M15
to get intermediate signal (s) such as short term bullish divergences in order, for those who want to
play tactically a short term rebound which should be monitored in a disciplinated manner (Risk Reward ratio)
