Idiot_Trader

Idiot_Trader

As you can see, the downtrend was a very extensive one and now the price is rounding out forming a support and Bullish divergence. Price will trade more in a range until we see a breakout either further below or back up to form a rally/uptrend. I expect price to retest support and then form rally, got to be patient and see how the market will unfold.

Idiot_Trader

The Market slowed down and began to trade in a sideways range. Resistance has been broken and could possibly move in to a market stage 2 rise once again. Middle moving average is rising to touch the bottom of the current market structure. Have to Be patient and wait for more confirmations, I am also waiting for retest to enter a long. Please leave your feedback as...