Hello,
As you can see in the price: the price could not reach a new low, but the RSI oscillator has formed a new LL and HD+ divergence can be seen in it. We also have cross in 20 and 50 moving averages as you can see. With HD+, the price will probably increase slightly and eventually start another wave of correction.
Follow the blue lines to check for divergences.
*The analysis is completely personal and should not be the basis of your trades.*
As you can see in the price: the price could not reach a new low, but the RSI oscillator has formed a new LL and HD+ divergence can be seen in it. We also have cross in 20 and 50 moving averages as you can see. With HD+, the price will probably increase slightly and eventually start another wave of correction.
Follow the blue lines to check for divergences.
*The analysis is completely personal and should not be the basis of your trades.*