The decline here was not too strong, price is finding support at the 0.61 fib level, we see also:
- bullish hidden divergence
- short term support
- stochs recovered from oversold levels
- convergence (we have already a higher high)
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
- bullish hidden divergence
- short term support
- stochs recovered from oversold levels
- convergence (we have already a higher high)
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).