Price have been playing ping pong on weekly time frame(lol), bouncing off resistance(88.86) and support at (80.55).
price have been trending nicely down from the resistance off a bearish channel on 4hr TF, we could see that price has already broken out of the channel, creating a higher high, showing a bullish intention.
we expect a bull back. am expecting pull back down to 84.15 because of the following reason.
1. back of a bearish TL
2. 32.8/61.8 fib convergence
3. 4HR TF PPZ
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