We already seen the beginning of a correction. However I believe we will go lower. The MACD is showing divergences. Price is making higher lows but that is not reflected on the MACD.
First stop will be the smaller trendline and if that doesn't hold up the next level would be around 0.618. Lets see where we go from there.
First stop will be the smaller trendline and if that doesn't hold up the next level would be around 0.618. Lets see where we go from there.