Extended retracement after bullish fundamentally driven runup entering into Consolidation phase.
Finding support at important 0.618 Fibonacci level.
Aggressive traders might bet on it returning to the previous recent highs.
There is also a Divergence on the MACD indicator showing a slowing of the bearish momentum.
Observe increased Volume as confirmation of buying interest
Finding support at important 0.618 Fibonacci level.
Aggressive traders might bet on it returning to the previous recent highs.
There is also a Divergence on the MACD indicator showing a slowing of the bearish momentum.
Observe increased Volume as confirmation of buying interest