Candles failed to close above the upward sloping trend line and plunged, breaking below the initial lowest low at 53.93.
Candles were observed to exhaust first at Fibonacci extension 161.8% at 53.05 and candles are undergoing a short retracement before the bearish momentum continues.
Broker of the month
Trend Direction | S3 | S2 | S1 | R1 | R2 | R3 | Entry | Stop Loss | Exit |
| Bearish | 52.25 | 53.05 | 54.45 | 55.12 |