CMF 0.16% . divergence at bottom, sign of long term reversal
Wave v of 1 was an ED
Which has corrected to target at fib 0.5
Need CMF 0.16% . and OBV to stay positive until retest or red line resistance
Need to see volume at that point also
If PA fail to break above, watch for a quick retest of bottom of channel
If that black TL breaks, next support and end of wave 2 at $1.27,
Wave v of 1 was an ED
Which has corrected to target at fib 0.5
Need CMF 0.16% . and OBV to stay positive until retest or red line resistance
Need to see volume at that point also
If PA fail to break above, watch for a quick retest of bottom of channel
If that black TL breaks, next support and end of wave 2 at $1.27,