After the huge move downwards leaving a 4h supply zone, price consolidated between the support at $55.2 and the resistance at $62. MACD is showing bearish weakness but RSI is still sold. Price needs to reclaim $55.2 and close above it in order to expect bullish movements.
After the huge move downwards leaving a 4h supply zone, price consolidated between the support at $55.2 and the resistance at $62. MACD is showing bearish weakness but RSI is still sold. Price needs to reclaim $55.2 and close above it in order to expect bullish movements.