Attempting to take that 0.618 fib level at 992 that we got rejected from couple of weeks ago.
That will negate the head and shoulders pattern shown on the right on the 4H chart,
Histogram on MACD on the right has a bit more way to go , staying on these levels it will just give a bearish divergence between A and B
Good news on the Daily -left - negative momentum is just about to start turning positive - MACD - and RSI has reached bullish area above 50
Looking at the 4H - right - RSI looks like while price is moving upwards it will have to rest just above this 0.618 Fib level to catch up momentum again before moving higher .
That will negate the head and shoulders pattern shown on the right on the 4H chart,
Histogram on MACD on the right has a bit more way to go , staying on these levels it will just give a bearish divergence between A and B
Good news on the Daily -left - negative momentum is just about to start turning positive - MACD - and RSI has reached bullish area above 50
Looking at the 4H - right - RSI looks like while price is moving upwards it will have to rest just above this 0.618 Fib level to catch up momentum again before moving higher .
