Hi Guys, saw some other posts about this once and decided to have a crack.
After the nice 5 count wave up it has retraced to the 0.5 fib level which has formed a solid support.
RSI is showing a bullish divergence from low levels
MACD Also showing bullish divergence and about to cross over.
Still lacking in volume and could wait for a close above the 55 EMA for confirmation
Any comments or additions welcome :)
Cheers
After the nice 5 count wave up it has retraced to the 0.5 fib level which has formed a solid support.
RSI is showing a bullish divergence from low levels
MACD Also showing bullish divergence and about to cross over.
Still lacking in volume and could wait for a close above the 55 EMA for confirmation
Any comments or additions welcome :)
Cheers