hi Dory,
I think we are seeing some things the same, and some things a little different.
I'll post one last thing for discussion, then we can see how it plays out in Q1 2022.
We have been bouncing off of support, this will be the 4th bounce.
We are getting to the pointy end, it looks like its going to be around Friday/Xmas when the pinch will come.
If the bullish RSI divergence continues, it means support has held, it looks like the RSI will pop up over 50 which would indicate we are heading in the right direction.
Would then need to zoom out to the daily chart, to see if it can pop out of the downtrend, as you posted.
Of course support may not hold, and it will break down again, when i have seen this previously though, the RSI divergence has been bearish.
Am i hopeful, absoluetly.
Am i confident, absolutely not haha
MAO, DYOR & MYOD.
Happy Trading (& Merry Xmas)
- Leezy
hi Dory,I think we are seeing some things the same, and some...
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