I think we see short term upside to the 110 resistance area before it makes its B-C Wave correction to fill the gap below.
There is a bullish divergence on the rsi vs the chart which points to shortterm upside
In 2 instances on the lower lows, when a support area is hit buying volume picks up for that day.
Volume is also declining, and eventually will break out.
TLDR: Short term uptick in price before a final drop to fill the gap below
There is a bullish divergence on the rsi vs the chart which points to shortterm upside
In 2 instances on the lower lows, when a support area is hit buying volume picks up for that day.
Volume is also declining, and eventually will break out.
TLDR: Short term uptick in price before a final drop to fill the gap below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.