Daily:
- Pennant Target Hit
- RSI Oversold
- RSI bullish divergence seen from 29th May low and today's low.
- MacD histogram upticking
4 Hour
- Clear RSI Divergence seen from 13th Aug Low (2am) and 15th Aug Low (10am)
- MacD histogram bullish divergence form 13th Aug low and 15th Aug low
- MacD histogram upticking to the positive zone
- MacD crossover in negative zone
Although I believe there is much more downside to come in the weekly, I do believe a small retracement is due and bullish signs are apparent.
TP1 - Confluence of Lower Fibs, 13th Aug highs, below Major Reversal zone
TP2 - Below May & June lows, 0.618 Fib
Risk - 20 pips below today low - 65 Pips
Thanks for reading, any feedback is appricated
- Pennant Target Hit
- RSI Oversold
- RSI bullish divergence seen from 29th May low and today's low.
- MacD histogram upticking
4 Hour
- Clear RSI Divergence seen from 13th Aug Low (2am) and 15th Aug Low (10am)
- MacD histogram bullish divergence form 13th Aug low and 15th Aug low
- MacD histogram upticking to the positive zone
- MacD crossover in negative zone
Although I believe there is much more downside to come in the weekly, I do believe a small retracement is due and bullish signs are apparent.
TP1 - Confluence of Lower Fibs, 13th Aug highs, below Major Reversal zone
TP2 - Below May & June lows, 0.618 Fib
Risk - 20 pips below today low - 65 Pips
Thanks for reading, any feedback is appricated