Hi all,
So, for starters we can clearly see the 1 year long hidden bullish divergence still in play.
At the same time however, we are now seeing a rejection on the daily downward sloping trendline.
So how low could we correct here?
So, for starters we can clearly see the 1 year long hidden bullish divergence still in play.
At the same time however, we are now seeing a rejection on the daily downward sloping trendline.
So how low could we correct here?
Comment:
Another retrace possibility would be the formation of the right shoulder of this potential inverted head and shoulders pattern :
Happy trading !!