Bull Divergence on PYPL in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50
Divergences
Oil analysis update on daily chart (2016-03-12)Oil will meet a huge resistance at around 39.8. The daily RSI also shows a divergence. These will result the pull back soon.
But from time cycle analysis, the correction wave does not finish yet. After the pull back, oil might go up again to 43.5.
Good luck for everyone!
