So the real question we face here now is will PA break over that diagonal trendline or will it get rejected and drop further.
Daily MACD is still over sold and turning Bearish so it is a possibility.
On th escreen there is the "Local " retracement fibs, just below that is the larger scale retracement line of 0.236, first line of support should we drop more.
Next 2 days will be possibly Volitile as we have FOMC and the rate hike tomorrow.
Daily MACD is still over sold and turning Bearish so it is a possibility.
On th escreen there is the "Local " retracement fibs, just below that is the larger scale retracement line of 0.236, first line of support should we drop more.
Next 2 days will be possibly Volitile as we have FOMC and the rate hike tomorrow.