
We were looking for a pullback yesterday but it did not come into play. Currently it seems like the A-B-C pullback is unfolding. The level to watch will be the Fibonacci 50% correction point. It is also an equal movement of the A correction decline as well.
MACD’s fast line is turning around the Zero line. MACD is still bullish. Stochastic is moving higher from near to oversold zone.
Watch out for the Fibo 50% correction point.