Looks like down to 20k, mostly no momentum on oscillators up to monthly.
Trade active:
Looks like we came down to the gold pocket zone and bounced. Its highly probably this is a 'dead cat' because once again, the momentum on 1W, 2W, 3W, 1M indicators are allbearish.
I still think we are well on our way to completion of the retrace to .786 areas. I simply cant see much probability to turn up with so many time frames indicating down momentum.
I still think we are well on our way to completion of the retrace to .786 areas. I simply cant see much probability to turn up with so many time frames indicating down momentum.
Comment:
That bear flag completed nice and pretty too didnt it...
Comment:
Almost 3 weeks of dancing directly on top of the .618. There is less downward momentum up to monthly but still no sign of strong upward yet. We still going sideways / range bound for some time yet.
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3 week, 2 Week, 1 Week all show momentum change to upside. Target reached on pullback at .786..... Looks like we are going back up now, across all the momentum indicators. Macd tick up, bullish pressure PA...
