What do you think about the formation?
There are":
- RSI divergence
- all the five ways of the formation
- previous strong downtrend with RSI indicating panic on the first bottom below 47 (46,94)
- target which is near 50% fibonacci correction of the big downtrend
The problem is the economic chaos in Europe.
There are":
- RSI divergence
- all the five ways of the formation
- previous strong downtrend with RSI indicating panic on the first bottom below 47 (46,94)
- target which is near 50% fibonacci correction of the big downtrend
The problem is the economic chaos in Europe.