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Already 2 legged down (red arrows) which is usually all bears could get...
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Must be news, guess the low was in for today. Now the bear's hope is a range day instead of a strong breakout to a new high.
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The pullback will be bought. So far it's an uptrend day.
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Intraday: New swing low today, it is bearish, looks like we may even closed under 38.2% also. early sign of trend change on both short term time frames.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
The pullback all the way to the day low was a surprise to me. Now EMA20 is the bear's last chance for a 2nd leg down which mostly they won't get. Let's see whether bears can surprise again today.
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