So ZCL had a bounce earlier on the 0.786 fib level.
However it made an impulse upwards, I think we are going to retest the bottom again.
- RSI is going down. Last 'bottom' ($57) was not even close to being oversold on the daily. I think we definitely are going to touch this area closer then the last time.
- MACD made its turn downwards. Still going down and not showing any signs of turning towards upward movement.
- The impulse upwards happened in one month. Retrace and corrections after such an parabolic impulse (10.000%+) usually last longer.
#HAPPYTRADING
#LOVE
However it made an impulse upwards, I think we are going to retest the bottom again.
- RSI is going down. Last 'bottom' ($57) was not even close to being oversold on the daily. I think we definitely are going to touch this area closer then the last time.
- MACD made its turn downwards. Still going down and not showing any signs of turning towards upward movement.
- The impulse upwards happened in one month. Retrace and corrections after such an parabolic impulse (10.000%+) usually last longer.
#HAPPYTRADING
#LOVE