I think we see short term upside to the 110 resistance area before it makes its B-C Wave correction to fill the gap below.
There is a bullish divergence on the rsi vs the chart which points to shortterm upside
In 2 instances on the lower lows, when a support area is hit buying volume picks up for that day.
Volume is also declining, and eventually will break out.
TLDR: Short term uptick in price before a final drop to fill the gap below
There is a bullish divergence on the rsi vs the chart which points to shortterm upside
In 2 instances on the lower lows, when a support area is hit buying volume picks up for that day.
Volume is also declining, and eventually will break out.
TLDR: Short term uptick in price before a final drop to fill the gap below