Pros:
1.It has been retraced more than 40% from last high and now treading above it
Cons:
1.It is Just below 200EMA and crossover of 9 and 200EMA has been occurred.
2.Historical Resistance at 3.66
3.Low Volume
4.Below central pivot
Safest position is at 4.10
1.It has been retraced more than 40% from last high and now treading above it
Cons:
1.It is Just below 200EMA and crossover of 9 and 200EMA has been occurred.
2.Historical Resistance at 3.66
3.Low Volume
4.Below central pivot
Safest position is at 4.10