So it seems that my last idea turned out to end up as a fake out after all, if this pattern repeats like before, we should see the next move in about 12 days.
Note
Daily Stoch has crossed recently giving us a good indication of positive price action similar to before (look at my solid blue vertical lines), RSI is also approaching crossing the EMA 13. It sure looks BULLISH. Next 3 or so days will be when the action plays out, I'm putting my money on the green team with the expectation of challenging FIB 0.618 for the third time in a bit longer time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.