Price formed a head and Shoulders at the 4hr/1hr charts. Price has gapped down at the opening
of the week, and a the moment price has respected the 4hr support zone
Down at the 1hr charts, the price opened with 3 bullish candles to make up with the
market gap, however, the first 2 candle of the week started weakly due to the long wicks
that may seem an indication that the market would resume its momemtum to the downside.
If the market closes below the support zone, possibility is high that the market would continue
to the downside.
of the week, and a the moment price has respected the 4hr support zone
Down at the 1hr charts, the price opened with 3 bullish candles to make up with the
market gap, however, the first 2 candle of the week started weakly due to the long wicks
that may seem an indication that the market would resume its momemtum to the downside.
If the market closes below the support zone, possibility is high that the market would continue
to the downside.