It seems we have hit a short and medium term bottom.
The market is slowly showing strength again in combination with a very important support line (Week EMA)
The next hurdle will be between the 61 and 78 Fib. From there, the market will decide whether the sell-off will continue or, if necessary, new highs can be started.
Personally, I think we will run sideways for a while before the market has made up its mind.
The market is slowly showing strength again in combination with a very important support line (Week EMA)
The next hurdle will be between the 61 and 78 Fib. From there, the market will decide whether the sell-off will continue or, if necessary, new highs can be started.
Personally, I think we will run sideways for a while before the market has made up its mind.