Looks like we are close to the end of the C wave on the daily timeframe. Sell volume is decreasing on the 2 hour timeframe with the current candle painting bullish (doji) at the moment with that in mind. We are in a session high volume area on the 2 hour timeframe. On the daily, we are potentially recovering and entering a retracement to the current wave and I want to see if we can retrace anywhere between 38% to 61% of wave C. The macd is also showing signs of momentum loss on the bear sentiment. The current daily candle opened higher than the previous candle's close. Let's see what happens.
What do you think?
What do you think?