Big MACD divergence on 3hour chart indicate an early sign of trend reversal. Signaling bears are losing momentum.
Possible double buttoms indicating bear power diminishing and respecting last support line of 7,700[s.
If MACD, divergence is right double buttoms could be confirmed at around 8500 which would also break the downtrend line.
Possible double buttoms indicating bear power diminishing and respecting last support line of 7,700[s.
If MACD, divergence is right double buttoms could be confirmed at around 8500 which would also break the downtrend line.