Following the steep decline after breaching below the median line in this pitchfork, the lower slope has already been called up to act as support. Alongside this we have the 78.6% retrace off the feb 2016 lows to all time highs & a potential trend line
On another note, we haven't been this far below the 200 daily moving average since that february low. Currently 30% below it (red bars) and like february we're also at this lower slope... time to turn bullish?
On another note, we haven't been this far below the 200 daily moving average since that february low. Currently 30% below it (red bars) and like february we're also at this lower slope... time to turn bullish?
