- Fibonacci Retracement at 50%
- Price respect to this level and form nice price action.
- RSI bounce back from level of 30 (over sell).
- Elliot waves harmony showing end of wave 4 and resume the 5th up impulse wave.
- Bullish Divergence.
- Price get support right above the green cloud of Ichimoku.
-Trend is already up & strong and all the above making more confluence.
It is true that on weekly chart we can see some strong evidences of weakness but still bull battle is not over
and some Aces are up out of the sleeves herein :)
- Price respect to this level and form nice price action.
- RSI bounce back from level of 30 (over sell).
- Elliot waves harmony showing end of wave 4 and resume the 5th up impulse wave.
- Bullish Divergence.
- Price get support right above the green cloud of Ichimoku.
-Trend is already up & strong and all the above making more confluence.
It is true that on weekly chart we can see some strong evidences of weakness but still bull battle is not over
and some Aces are up out of the sleeves herein :)