In a weekly divergence, it shows it is still on a bounce from being oversold.
On top of that, it hit the bottom resistance with a sharp candlestick. Lower it hits, harder the bounce. It bounced after hitting a support it has not hit in a while. the bounce should be more significant than what we have.
It should at least go to the pipeline resistance.
On top of that, it hit the bottom resistance with a sharp candlestick. Lower it hits, harder the bounce. It bounced after hitting a support it has not hit in a while. the bounce should be more significant than what we have.
It should at least go to the pipeline resistance.
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