Will immediate support hold or do we need a typical Fib retracement?
Bullish factors: 9 ema above the 20 ema, rsi above 50, macd bullish, cci above 0 so if the 55 ema hold we should see higher highs.
Bearish factors: Under some pretty nasty bearish divergence currently but that would be negated if price breaks higher than the 0.27 Fib extension level.
If 0.017 fails and we continue making lower lows I'll be waiting for new support levels to watch.
Bullish factors: 9 ema above the 20 ema, rsi above 50, macd bullish, cci above 0 so if the 55 ema hold we should see higher highs.
Bearish factors: Under some pretty nasty bearish divergence currently but that would be negated if price breaks higher than the 0.27 Fib extension level.
If 0.017 fails and we continue making lower lows I'll be waiting for new support levels to watch.
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