If the monthly 200 holds as macro support, we could see a retrace bounce back to meet the monthly 12ema which is descending from 56.75.
If there's an entry here for me, it won't be before a confirmed hourly trend change.
Monthly RSI is attempting a bounce just ahead of fully oversold conditions.
If there's an entry here for me, it won't be before a confirmed hourly trend change.
Monthly RSI is attempting a bounce just ahead of fully oversold conditions.