Watch for test of previous pivot low.
If price breaks below without reversing will likely continue downward movement.
Presence of Divergence on MACD indicator shows possible reduction in bearish momentum
If price breaks below without reversing will likely continue downward movement.
Presence of Divergence on MACD indicator shows possible reduction in bearish momentum
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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.