On D1, the price rose above the Ichimoku cloud, which is directed downwards. Also, earlier was found the support at the level of 61.8% by Fibonacci.
In general, the downward movement from August 21 to September 5 can be identified as a correction.
The upward impulse is well seen on H4, which may be the first impulse for the continuation of medium-term growth.
RSI...
At D1, the cloud is directing downward, indicating a downtrend.
The price broke the uptrend line and divergence between the RSI and the price was formed.
At H4, the cloud is directed downward, which indicates a downtrend. In addition, the RSI has reached the oversold level, which indicates that the sharp decline will soon stop and the price correction will begin...
