EOM closed around 4200 which is a bit higher than initially expected.
I still believe we're in for further dip, however my prediction has changed slightly from support at the average to support at the lower black line (trend lows).
This would put us at ~4100 and likely trigger the daily MACD.
Sideways action between the average and dashed purple line would then carry us through until next divergence. Chances are this is a fast process, maybe 1 week post-dip.
I still believe we're in for further dip, however my prediction has changed slightly from support at the average to support at the lower black line (trend lows).
This would put us at ~4100 and likely trigger the daily MACD.
Sideways action between the average and dashed purple line would then carry us through until next divergence. Chances are this is a fast process, maybe 1 week post-dip.
