2 monthly rejections of the 3 year uptrend are not a good look.
Long term, the move looks more corrective than bullish.
All can change if we close back over the uptrend line.
Good that we have broken and closed back above the .382 Fibb, as that suggests we are might not just be dead cat bouncing. A push up in the next 5 days would be good just to make this monthly candle consolidate under the resistance.
Long term, the move looks more corrective than bullish.
All can change if we close back over the uptrend line.
Good that we have broken and closed back above the .382 Fibb, as that suggests we are might not just be dead cat bouncing. A push up in the next 5 days would be good just to make this monthly candle consolidate under the resistance.