Price is at the 80 day FLD, with the 40 day and 20 day stacked bullishly above. The 80day is also sat at the LTL of regression channel of my proposed 'abc' expanded flat correction. All looks good for a bounce, unless price makes a push for the 160 day (80months) below.
Price is also at the 8hr & daily lower bolly bands and the 38.2% retracement of the move up to orange 'A' from 1.3294. However, just look at that momentum study. In no way is that nested. In fact, it only looks half cut so far. So, either this is only 'a' down and we are going up in 'b' or a new high is needed before another attempt at a nest is made. Still looking for a bounce but would not be surprised if it is corrective and only makes it back to the 20 day FLD in the first chart.
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