multiple indicators used here. What are your thoughts, at this point, it is looking unsustainable.
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thats my version, but my 5 point is undecided as it would be based on confluence between the 3 point fib lines and the retracements.
its either going to hit 2 and turn or will consolidate out to the yellow circle on one of the lines and then move again
also 3+6+12 h its droppped below the combined MA's and on the 2d the MACD is still hugely oversold. the rest of the indicators are pointing down atm really apart from MACD which is not showing any strength on the timeframes it is sitting on the bottom
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its either going to hit 2 and turn or will consolidate out to the yellow circle on one of the lines and then move again
also 3+6+12 h its droppped below the combined MA's and on the 2d the MACD is still hugely oversold. the rest of the indicators are pointing down atm really apart from MACD which is not showing any strength on the timeframes it is sitting on the bottom