Correction is slowing down. Sell pressure continues to push the price downward yet in a more controlled and slower manner. Double divergence on MACD: histogram and signal lines are moving higher as the price continues to move lower. Correction may continue, but if the divergence plays out, we may soon be seeing a continuation to the upside.
Kommentar:
Price currently made a beautiful touch of the 0.786 fib retracement measuring from the bottom, and a 0.618 fib retracement from the previous swing low. Phenomenal for now.