catching the falling knife this is not good and not the best of confluence. At the very high weekly timeframe this is still down so I am trying to batch in my positions for this pair. However week by week momentum is clearly still up.
Macd divergence shown.
We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1.
The...