I have mapped out RED confluence zones where price can reverse short term. These zones are also known as Daily Demand and Supply Zones.
I believe price will continue its downtrend within the Trends lines mapped out in black. There is also a dynamic trend line that has so far been respected which is the Green 21 SMA.
Price is currently in a RED Supply Zone and also touching the 21 SMA. There is strong potential for price to drop.
I am just waiting for some confirmation from the 4hr candles.
Feedback is welcomed
R
I believe price will continue its downtrend within the Trends lines mapped out in black. There is also a dynamic trend line that has so far been respected which is the Green 21 SMA.
Price is currently in a RED Supply Zone and also touching the 21 SMA. There is strong potential for price to drop.
I am just waiting for some confirmation from the 4hr candles.
Feedback is welcomed
R
