Nice recovery to push us back into wedge pattern; 3600 support held in well to prevent a (bearish) breakout.
H4 MACD may trigger divergence soon in an attempt to push past 3800. Current daily shows a railway pattern which could turn to engulfing if momentum continues.
Still holding my funds as we didn't close below support although I'd prefer to wait until EOY for tax purposes anyways.
Wouldn't be surprised if we tested 3600 again (double-bottom setup) which would mean 3600 EOY. Lower black line indicates long-term extreme lows.
H4 MACD may trigger divergence soon in an attempt to push past 3800. Current daily shows a railway pattern which could turn to engulfing if momentum continues.
Still holding my funds as we didn't close below support although I'd prefer to wait until EOY for tax purposes anyways.
Wouldn't be surprised if we tested 3600 again (double-bottom setup) which would mean 3600 EOY. Lower black line indicates long-term extreme lows.
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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.