...strong upside day after the initial fall to 23.6% 3188-3746 and the now likely daily lo. Almost certainly too now a bullish daily candle close in the making, if not a bullish hammer? Time will tell. Top of the prev 1hr/4hr/dly sw hi = prev res = pot res zone to 3746 providing the supply so far. This zone is co-existant with a prev dly/wkly/mthly sw lo zone = prev supp = pot sbr that started @ 3711 and extends to circa 3752 on dly, and likely 3790 on wkly. 3742 is the 78.6% 4376-1411, 3775 = Wkly R1, and 3790 = 138.2% extension of the last mthly swing hi-lo 3482-2675. 150% of that move is 3885.
20/50/100 ema crosses are as below. 1hr/4hr are still rangy with an upside bias, and dly/wkly are still in general fractal uptrends.
20/50/100 ema crosses are as below. 1hr/4hr are still rangy with an upside bias, and dly/wkly are still in general fractal uptrends.
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Trader with an Edge.
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