Ronnie Mansolillo / Blog
Dear readers, the cross seems to be on a turnaround. We have on chart a bottom peak on S3 and a bounce to FIBO 38.2 with a green candle. Also important the oscillator on chart. Volumes are trying to come out from an Oversold zone...
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The Cross has moved laterally on the last 10 bars (days) from FIBO 0 through FIBO 61.8 breaking down while flat market. Volumes are out from the overbought level and we have on chart a new red candle. It seems that a new bearish primary trend started and maybe is time to start selling...