Evidence:
1. Price is in a range.
2. This level has been tested several times and is failing to break below
3. There isn't much bearish momentum to push price further down.
4. Stochastic is over bought
5. Tap of the 61.8%
1. Price is in a range.
2. This level has been tested several times and is failing to break below
3. There isn't much bearish momentum to push price further down.
4. Stochastic is over bought
5. Tap of the 61.8%