Inside day with decreasing volume in this double bottom scenario around 1,277 area, that needs to hold.
Momentum is diverging, but price needs a close above Gann 3/1 and 50 fib to prove it wants higher.
In such a case, and if 1295 falls, we might see "13" again in front of price, and some bullish pressure will be created. Short covering is not enough to drive price up for long.
Cheers
P
Momentum is diverging, but price needs a close above Gann 3/1 and 50 fib to prove it wants higher.
In such a case, and if 1295 falls, we might see "13" again in front of price, and some bullish pressure will be created. Short covering is not enough to drive price up for long.
Cheers
P
