You can see a clear divergence on the volume
, right now we are still in the bearflag. MACD
on 4h Chart shows a positive cross-over, but I would not fall for that. Most traders do not believe in a bounce from here now. I assume and expect that most of us wait for the next Fib level @ 7250! It will be a hard and very powerful bounce from there. First target should be @8200, it will slightly drop from there, rebuy a bit lower and aim for the next move to 8500.
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