20 MA touching down on the 50 MA signals the end to the move lower and now we can go higher. Next intermediate target is the 14400 fib level.
Note
That's what I'm talking about! Take a look at the divergence here.
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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.