Our expectations: medium-term upward movement and adjustment to support levels: strong weekly diagonal level, horizontal 4-hour resistance to 38.2% of Fibonacci built on the previous daily downward trend.
SL: 1.54500
Alternative scenarios: repulsion from the alligator, breakthrough of dynamic resistances will spoil the figure and possibly a sequel to the bullish 4 hour trend.
Comment:
The last candles form a swallow, the upward movement may be over.
AO forms divergence and the technical figure wedge, which for now are not confirmed, in their confirmation and breakthrough and the alligator test we can assume that there will be a downward movement.
To confirm, I would use a bar that closes below 38.2% of Fibonacci and breakthrough, test and repulsion from the wedge figure, and the resulting divergence.
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