TF: 2 Hr
Possible inverse H and S on the 2 hr and 4 hr TFs. Bullish divergence can be seen developing on the RSI and price has retraced and is currently trading in the golden zone (between the 0.50 and 0.618 levels).
May be see some buying here to complete the right shoulder and move up from there to ~123.
See my previous EJ forecast here:
Possible inverse H and S on the 2 hr and 4 hr TFs. Bullish divergence can be seen developing on the RSI and price has retraced and is currently trading in the golden zone (between the 0.50 and 0.618 levels).
May be see some buying here to complete the right shoulder and move up from there to ~123.
See my previous EJ forecast here:
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