Some considerations.....
- W1 hasnt found a meaningful bottom yet? (no reversal candle, last week was a hammer, but not on a level!)
- D1 hasnt found a top? (no reversal candle)
If these are correct, then D1 has to go up and then down in order for W1 to make a bottom. And it has to go below that D1 bullflag bottom trendline in order to make a bottom on W1.
The uptrend retracement is not over yet?
What do you guys think?
- W1 hasnt found a meaningful bottom yet? (no reversal candle, last week was a hammer, but not on a level!)
- D1 hasnt found a top? (no reversal candle)
If these are correct, then D1 has to go up and then down in order for W1 to make a bottom. And it has to go below that D1 bullflag bottom trendline in order to make a bottom on W1.
The uptrend retracement is not over yet?
What do you guys think?