As seen on 4h chart , there is a good cypher formation possibility.
A good support channel is between 1817 and 1790.
The price is arround Fibo 61,8 level and also RSI is almost 16, MACD is still negative position but has a divergence in histogram.
If the price stays over 1805, it is possible to triger a reversal and heads up the harmonic's D point.
Otherwise a possible drop, under 1790, cancels the formation and heads down.
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Disclaimer: The given information on the chart and comments are not a Financial Advice.
Be carefull abaut your risk assessment...!!!
..........................................................................
A good support channel is between 1817 and 1790.
The price is arround Fibo 61,8 level and also RSI is almost 16, MACD is still negative position but has a divergence in histogram.
If the price stays over 1805, it is possible to triger a reversal and heads up the harmonic's D point.
Otherwise a possible drop, under 1790, cancels the formation and heads down.
..........................................................................
Disclaimer: The given information on the chart and comments are not a Financial Advice.
Be carefull abaut your risk assessment...!!!
..........................................................................
