If 1W RSI divergence is going to play out we better have... new lows.
Current price action looks like marking median of that little white channel. Moves look weaker and weaker, so unless we smash it to the upside I see rejection heading towards lower band of the channel, so at new lows.
If we keep there then marking possible bottom is possible and this big red channel can become reality.
By now lets see what bulls can show.
Current price action looks like marking median of that little white channel. Moves look weaker and weaker, so unless we smash it to the upside I see rejection heading towards lower band of the channel, so at new lows.
If we keep there then marking possible bottom is possible and this big red channel can become reality.
By now lets see what bulls can show.