Possibility of Resuming Upward Trend?
1. Price has retraced to the 0.5 Fib area which also doubles as previous resistance zones.
2. RSI is Oversold
3. RSI Divergence
Due to the downward move over the last 2 weeks, I am looking at price action at this zone to see signs of exhaustion of the bears. Then would consider going long.
A learner of trading, and as such all constructive comments, opinions and ideas are welcome.
Trade with care. Thanks
2. RSI is Oversold
3. RSI Divergence
Due to the downward move over the last 2 weeks, I am looking at price action at this zone to see signs of exhaustion of the bears. Then would consider going long.
A learner of trading, and as such all constructive comments, opinions and ideas are welcome.
Trade with care. Thanks
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