Price is retesting a previous zone of congestion and support.
With a test of the 50EMA, this is the last opportunity for the bears to remain in control.
I will be watching intraday for a reversal in the highlighted area.
Supporting criteria:
RSI Overbought
This is not the strongest setup, but in the markets, anything is possible!
With a test of the 50EMA, this is the last opportunity for the bears to remain in control.
I will be watching intraday for a reversal in the highlighted area.
Supporting criteria:
RSI Overbought
This is not the strongest setup, but in the markets, anything is possible!