Double Bottom + Retest + Support
Trendline and Major Support
EW: Playing the 5th wave for the C Wave Hidden Bearish Divergence
Reasons to Enter. - Bullish RSI Divergence - MacD has been in negative since 20th April and has finally gone back to the upside. - Trendline has been broken Looking to 1:1 to 1.618 extension for this 3rd wave all the way to 2018 highs 1.22
On to the next one... Price is ranging at major resistance - 1.835 Looking enter a short on the upper ends of the range
Price is struggling break resistance at 1.1626. Yesterdays candle on the daily was bearish. Lower Lows are forming. Descending triangle can be seen in formation. RSI is also forming a pennant and approaching breakout I expect another touch at 153 Resistance. A break from the triangle (150) should take it all the way to 134 - 130, which coincidences with the...
1.1530 Support Held once again No lower lows formed
Support is being retested as resistance. Then further downside