0.618 turnaround. I predict that price is going to step back into the previous downtrend to make it all the way down to the 0.886 completing a Bat formation on the Weekly chart. Also if you're paying attention, there is a very strong occurrence of RSI diververgence.
I need someone to tell me what I'm missing here because as it is I'm confused. The end of day increase for the USA was 25,000 yet the end of day increase for the world was 18,000, what am I missing? Is it because of different time zones?
The AB=CD combined with EWO Divergence, a nice engulfing bullish candle, and though it's a little early to say this but it looks like an inside bar is forming. On top of all of this the ATR is showing an increase in volatility which adds to the likelyhood of this reversal taking place.