Two possible scenarios ; Bullish Divergence on 4H MACD as we can clearly see the price has been falling while MACD was rising. 10.1k-10.2k Support has been holding pretty well so i expect a push up to the 0.618 FIB ( golden zone) first as the 10.9k rejection was hard marking it as a strong resistance , and a break of that would get us mega bullish and should be a nice S/R flip. I see a move of coming down to test the 10.2k support again before we continue our push to 0.618 where i would be looking for shorts with a stop above the previous high at 10.964. i lean with the red brush line direction as like i said 10.9k-11k is a b***h to break.
Comment:
May day , May day.. we might fall of the cliff anytime. I see it topping between 10.5-10.6 before falling the cliff sub 10k
Trade closed: target reached
PP