confluence of:
61.8 retrace of last major swing down (A-B)
trendline,
100M; and
plus zone of 1.272 - 1.618 inverse extension of last minor swing down (1-2)
(note the initial bounce right of this 1.272 level)
in addition both stochs and RSI are getting into oversold territories
61.8 retrace of last major swing down (A-B)
trendline,
100M; and
plus zone of 1.272 - 1.618 inverse extension of last minor swing down (1-2)
(note the initial bounce right of this 1.272 level)
in addition both stochs and RSI are getting into oversold territories