This month can have an important price action that define the tendency for the rest of the year, I'm still bullish but look the chart, the swing from X to C is already paid, not at 100% of the fib extension but what do you spect for a weak bullish run? If you look the inside of the B-C swing, it have all his own weak swings paid, so I think the probability to start a new bearish tendency is plausible.
Comments
LevRidge
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do you see the bullish divergence between your B and current price?
Scloneh
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Yeap, I use Stoch and MACD with small time frame, I forgot to erase it, as you can see, the settings are the "default settings" so ignore them :P
Scloneh
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What is really importat, is the fundamentals that can push the market to 1.5