Strong divergence on MACD and other oscillators, also price is in oversold zone on all indicators and many traders will accept that as BUY signal.
But every time when we confronted indicators to a trend or elliot theory we were wrong. I suppose that it will be the same this time. You can go long but for short time (forming of wave IV in downtrend) and after that this is the scenario.
But every time when we confronted indicators to a trend or elliot theory we were wrong. I suppose that it will be the same this time. You can go long but for short time (forming of wave IV in downtrend) and after that this is the scenario.
Trade closed: target reached