Expanding diag followed by a possible flat. If that plays out, I'd at least want to see the 1.13$ low revisited, preferably deeper though towards 1.05$ or even into the lower 0.90s.
Zoomed out:
Zoomed out:
Comment:
Nice hold here for starters into the mentioned low 90s and slightly below. Nothing much to add here at this point, will have to wait and see if those level will hold through the coming weeks:
Comment:
Phew, went all the way down to the macro VAL and tested previous support, but held that and bounced off significantly.
We are below the Macro POC now and the 92 to 98 cents zone is to be considered resistance until we get above and hold.
So as with many other charts, the internal count could allow for another leg down:
Should we actually drop deeper and take out the low, these are the bearish alternatives to consider:
We are below the Macro POC now and the 92 to 98 cents zone is to be considered resistance until we get above and hold.
So as with many other charts, the internal count could allow for another leg down:
Should we actually drop deeper and take out the low, these are the bearish alternatives to consider: