2019 Charts, page-775

Looking at the close up of the daily we can see that yesterdays low touched on the S/T rising trend line & closed at a prev S/T support / resistance line. The sp still appears to be under the influence of the projected down trend line paralells
The Stoch 5 & 14 are both trending down now but they are both very wide from their sig lines & both are below the 50 line.
The MACD has now flattened off & moving back to its sig line while the Histogram is trending down as noted on my weekend post. So that potential bearish divergence apparent of Frid has indeed led to what I hope is only a S/T dip as part of retesting the weekly support down around 0.069 – 0.071. That level corresponds to the centre of the larger

35 period trading range.

Looking at the weekly (mid week) we can see that there appears to be a flag pattern under construction with the high at 0.087 & base at 0.069 – 0.07. It could also be a potential “rising three” candle pattern which is a bullish pattern.
Given that the Stochastic is moving back to its (rising) sig line that pattern may be a false hope.
The weekly MACD & Histogram are still positive though. Whatever is happening, it looks increasingly likely that the weekly support will be tested.

Ideally we will see a rally off the rising weekly trend line (around 0.07) which would then open the way for the rerate north to continue & fulfill the patterns have been discussed.

At this stage of the month, the indicators on that chart still shows a potential change in the trend happening but the candle / bar is negative looking & volume is not enough to continue momentum.

The reversal/rerate is underway imo but will take time to stabalise
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