Bullish outside week candle stopped right at the first fib confluence and the down trending line from July 2013 highs.
Current path is bullish of course, after the doji of Dec 30 which gave a good entry, backed by bullish divergence.
Momentum looks overextended creating a hidden bearish divergence this time.
Interesting week coming.
Cheers,
P
Current path is bullish of course, after the doji of Dec 30 which gave a good entry, backed by bullish divergence.
Momentum looks overextended creating a hidden bearish divergence this time.
Interesting week coming.
Cheers,
P
