This could be the end of the downtrend, or just a retrace up to the 23.6.
In the short-term, there is a long opportunity up to $11,200 based on an inverse H&S on the 15min.
Uncertain about long-term sentiment. Could see it bounce off the 23.6 back into a downtrend.
In the short-term, there is a long opportunity up to $11,200 based on an inverse H&S on the 15min.
Uncertain about long-term sentiment. Could see it bounce off the 23.6 back into a downtrend.
Comment:
Forgot to mention that we have bullish divergence on the momentum oscillators against price. This can also be seen on the hourly.
Trade closed: target reached:
Target of $11,200 reached.
Upside potential still there. Need to continuously monitor the 23.6 fib.
Upside potential still there. Need to continuously monitor the 23.6 fib.