So after yesterday's pullback from the highs, I believe it has a long way to go yet before we see some price stability.
Here are a my reasons.
1. MACD showing crossover.
2. Close below upward trending line.
3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down.
5. Not oversold.
6. Price bounding off contuously from Moving average Low 50.. A break below this and the price movement will start to pick up pace.
If you are long here, I'd be considering closing positions as brexit worries continue to increase.
Here are a my reasons.
1. MACD showing crossover.
2. Close below upward trending line.
3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down.
5. Not oversold.
6. Price bounding off contuously from Moving average Low 50.. A break below this and the price movement will start to pick up pace.
If you are long here, I'd be considering closing positions as brexit worries continue to increase.