1. Price has retraced to the 0.5 Fib area which also doubles as previous resistance zones. 2. RSI is Oversold 3. RSI Divergence
Due to the downward move over the last 2 weeks, I am looking at price action at this zone to see signs of exhaustion of the bears. Then would consider going long.
A learner of trading, and as such all constructive comments, opinions and ideas are welcome. Trade with care. Thanks