We're seeing exhausted weaker bears over the last few days. RSI shows hidden slightly bullish divergence. We could see a retest of 6100 before making a lower higher then a higher high. No confirmation yet though. Wait for a higher low to form.
Order cancelled
RSI closed lower, and bears are still in charge. No reversal yet it seems.Note
Daily closed with an engulfing candle, and RSI breaks above. We may see the daily trend upwards for a the next few days.Note
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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.