Could this be the bottom? maybe yes:
-bears strength is decreasing
-2 bullish divergences
-0.618 fib extension
Next extension would be .786 at 1600.. It would be 50% more.. way too much without at least a bounce
-bears strength is decreasing
-2 bullish divergences
-0.618 fib extension
Next extension would be .786 at 1600.. It would be 50% more.. way too much without at least a bounce
So far 3500 held, the bounce pushed the price over the 14ema for the first time in a month, and now it's acting as support
The price today is stable even if the whole market is red, a sign of strength that can push till 5000 (+22%) zone (horiz res and 55ema)