D1 - Potential double wave down, price has room lower towards the critical level. Price is currently moving inside a bearish flag pattern.
H4 - We have a critical zone that has formed based on the fibo levels of the cycles and the top of the daily bearish flag pattern.
Price has currently reached this zone, we have potential bearish divergence,
We may now look for more bearish evidences in order to join the bears.
Invalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).
H4 - We have a critical zone that has formed based on the fibo levels of the cycles and the top of the daily bearish flag pattern.
Price has currently reached this zone, we have potential bearish divergence,
We may now look for more bearish evidences in order to join the bears.
Invalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).