my observation not financial advise just simple doodling on charts after reading far to many books.
LIT ETF weekly chart
Price observation 3 drives to lower lows 1-2-3 and the Divergence indicator not in conjunction with price therefore technically increasing the possibility of a probable low at 3.
Minor reversal point at 39.55 now within reach one might consider the shorters have their stops in close now with the observed possible divergence being offered of which one could also consider some acceleration of price action upward past that price.
For my eyes there's a very clear Break of Structure sitting at 49.12 heavily increasing the probability of a confirmed reversal.
Looking at ASN's weekly chart which also shows 3 drives to a low and the divergence offered is even more apparent on its indicator.
It takes them time to turn an ocean going sea liner around this appears to have started about 6 months ago lets come back and review this in Sept shall we ?
