We had a nice bounce.
Check the MACD in 15 mins. The bearish divergence might take us down again
Check the MACD in 15 mins. The bearish divergence might take us down again
Comment:
the blue line in the chart should be on the higher highs
Comment:
now it's also showing in the 30 min chart.
it's just a question of when it will drop, but it will.
I think it will hit 0.618 Fib retracement again. bounce back up
to the 0.786 and then go down again building another H&S pattern
Watch the volume because the 1 hour chart is looking good, but it can change in minutes since everyone is still feeling uneasy
now it's also showing in the 30 min chart.
it's just a question of when it will drop, but it will.
I think it will hit 0.618 Fib retracement again. bounce back up
to the 0.786 and then go down again building another H&S pattern
Watch the volume because the 1 hour chart is looking good, but it can change in minutes since everyone is still feeling uneasy