Looks like short-term is building bullish momentum, while the higher timeframes don't look as positive.
The slightly tricky part is figure if this short-term bullish momentum is the start of a trendchange or if it is being absorbed by the long-term move( and we're gonna get another leg down). At the moment I still think there's room for a bit of upwards movement.
The slightly tricky part is figure if this short-term bullish momentum is the start of a trendchange or if it is being absorbed by the long-term move( and we're gonna get another leg down). At the moment I still think there's room for a bit of upwards movement.
