DislikedHi there, i'm a relative newbie, and perhaps someone could help me out.
I've got exactly the same on my charts, which was pleasing as it looks as if i'm getting there setting up my charts correctly, with fibs etc!
On this chart, it's clearly in a downtrend from mid Aug to end of Dec, where it puts in a SL, and starts retracing.
It's now been creeping up for the last 6 months or so. So although i understand that, looking at the big picture, it's retracing, and is now at the 50 fib, does that mean if you had bullish PA, in the last 6 mnths, you are...Ignored
Problem I have is that PF is at historical lows - so it must turn soon surely.
Or not??
The trend tho is down on all the major timeframes, so I think this is just a re-trace.