– Quick recap on the whole idea of the Bearish move. looking back at how the Wednesday (11.05.2022) candle has closed, the entire move Technically made sense as the Wednesday Daily candle closed below Daily Support formed on 24th March, 01st April and 27th April 2022 giving higher timeframe confirmation for Sells. Also, Thursday has a lot of Volume so everything lined up well for the Bearish move.
– Buys on close above 157.090 targeting 1h previous Support at 157.520 leaving Runners to 30min Resistance at 157.820.
– Sells on close below 156.400 targeting 1h Support at 155.940 leaving Runners to 4h Support / Previous Daily Wick Fill at 155.600.