Today we have seen nice green candle. Some people might be excited but I am not if I look at 4 hour candle, we can see that we are you still below 50 20 and hundred moving average.
And 50 moving average is crossing 100 moving average below which is a bearish sign.
Now if we look Fibonacci level we can see that we have clearly crossed 0.61 level below. we will range now between 0.618 and 0.786. if we cross below 0.786 I will wait for to create new low.