Looking like we may get a correction of the 1-5 EW cycle. There is too much resistance overhead for me to want to get in long at this point, but maybe if it can break through some of that resistance and offer some better R:R I can get in long.
ADX shows a peak of trend and a reversal of momentum. Oscillator became oversold and is now showing divergence as it breaks out of the oversold zone. Price is bouncing off of the support created by the convergence of the 2nd and 3rd wave of the last impulse to the left that got cut of of the screen.. Good luck ;)
ADX shows a peak of trend and a reversal of momentum. Oscillator became oversold and is now showing divergence as it breaks out of the oversold zone. Price is bouncing off of the support created by the convergence of the 2nd and 3rd wave of the last impulse to the left that got cut of of the screen.. Good luck ;)