hi all.
the bearish divergence in the macd on the 4 hour looks to have played out (9405-9060), with what looks like a EW 5 wave down trend.
now with a bullish divergence in the 2 hour in the macd and a nice run up past the .382% fib 9192, it is possible we could see a pull back to the .382% fib 9176 (wave 2) before a uptrend to the .618% fib 9273 (wave 3).
trading at 9239 at present. just my 2c worth.
have a good one.
582
the bearish divergence in the macd on the 4 hour looks to have played out (9405-9060), with what looks like a EW 5 wave down trend.
now with a bullish divergence in the 2 hour in the macd and a nice run up past the .382% fib 9192, it is possible we could see a pull back to the .382% fib 9176 (wave 2) before a uptrend to the .618% fib 9273 (wave 3).
trading at 9239 at present. just my 2c worth.
have a good one.
582