Bears taking over to pick up sell off pips !
Weekly time frame indicates price may drop, here is an idea of how it eventually will !
Plenty of bullish momentum above a Daily high and lower time frame Divergence.
Hidden Divergence strongly suggest an ABC Corrective Wave.
Plenty of regular and hidden divergence. TP #2 looks possible also at 0.91484
Lower Highs and Lower Lows and we stay below the 200 SMA for the Bears.
1.27433 on the Monthly and Weekly are SUPPORT area's ! Also, (2) Bullish Butterflies show plenty of Harmonic Confluence. Just waiting for a Stoch (9-3-7) cross-over and the CCI to cross the negative 50 and we will be in on a Limit Order ! Let's watch and hope this one bounces bullish from the 'D' leg !
This is the handle of an inverted cup & handle that is a long term SHORT ! Also, there's some confusion in the market place. We hope to see the CCI cross up the negative 50 to confirm the bullish short term trend !
For the Month it is SHORT, but here is a WEEKLY Pull-Back and Over-Bought signal. Up to the .786 then SHORT !
This Bearish Crab could be showing us what happens over the next 2 Years on a Monthly chart. A LOW around 1145 and a HIGH around 2400.
The OVERBOUGHT and OVERSOLD signals seem to be lining up !