The first signs of the correction coming to an end

The-first-signs-of-the-correction-coming-to-an-end

Good afternoon everyone. Today I’ve noticed the first solid signals that suggest the correction may be coming to an end. In the next posts I’ll try to describe what I’m seeing and explain exactly what I’ve spotted there.

Let’s start with the cumulative delta on spot – today it showed the first good signals and a shift into a neutral backdrop. Historically, this tells us that selling pressure is decreasing. However, if we analyse what happened in April, I would still like to see a re-sweep of the current low for position building – and that’s exactly what I’ll be looking to do in the near future.