In this video i break down this asset to give us a potential reversal zone. We are beginning to see the weekly rsi beginning to diverge along with a macd cross, both on the weekly timeframe. Ideally we would like to see a doji or hammer weekly candle to tell us the bottom is in..i did get cut off at the end but ill be explaining elliot wave and fibonacci retracements at the beginning of the next analysis to help you guys better understand where you can make the most out of your trades.
Could you tell me how you have set up your FIB Retracement tool? I don't get the extensions below 100% retracement. How did you get the $0.50 retracement level?
Barkworth
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If you could just give me the values you’ve set, I understand how to set it up ;-)