After yesterday's breakdown price rallied and is now forming a higher low after the reaction. Selling pressure is diminishing at the highs while support is coming in at the bottom, and price is forming a hinge, indicating a possible explosive breakout.
On the macro scale we're slightly below the 50% retracement level between yesterday's high and subsequent low, and so far there is no strong downward move.
All signs of a possible recovery from yesterday's sell-off.
On the macro scale we're slightly below the 50% retracement level between yesterday's high and subsequent low, and so far there is no strong downward move.
All signs of a possible recovery from yesterday's sell-off.