Bullish divergence formed on the daily and potentially weekly time frame if the week closes red.
This could be the move up for wave 4 of C or potentially the bottom of wave 5.
Looks like a good place for longs with a tight stop loss.
Will be keeping an eye on the weekly close for the bullish divergence to play out.
This could be the move up for wave 4 of C or potentially the bottom of wave 5.
Looks like a good place for longs with a tight stop loss.
Will be keeping an eye on the weekly close for the bullish divergence to play out.