Small sellout to wedge support with a hammer recovery to send us back above 3800; momentum triggering D1 MACD divergence as we look to close in the green.
A double-bottom off the daily is still a possibility imo (neckline 4k) assuming we get a fairly condensed push within the next 2-3 days (3800-3900, 3900-200EMA, 200EMA-4k).
Another dip below 3800 could pose an issue as wedge support is now below long-term extreme low.
A double-bottom off the daily is still a possibility imo (neckline 4k) assuming we get a fairly condensed push within the next 2-3 days (3800-3900, 3900-200EMA, 200EMA-4k).
Another dip below 3800 could pose an issue as wedge support is now below long-term extreme low.
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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.