This drop in recent days looks more like a correction to the bullish momentum started two months ago.
It is not yet confirmed by me but the chart does show early signs of a longer term rise.
Take a closer look at the MACD. It is rising.
A rising MACD in a currently bearish scenario implies that the correction is coming to an end.
Take a closer look at the chart and MACD in the month of January. You will understand.
It is not yet confirmed by me but the chart does show early signs of a longer term rise.
Take a closer look at the MACD. It is rising.
A rising MACD in a currently bearish scenario implies that the correction is coming to an end.
Take a closer look at the chart and MACD in the month of January. You will understand.
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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.