Bullish breakout or false hope?
I think there are some very positive signs, apart from low volume.
- RSI Bullish
- Something between a Pennant / Ascending Triangle, I wasn't perfectly sure?
- Bullish Candle position, could be a first breakout signal, although the wick indicates bearish resistance... will have to see the next candle for some more confirmation.
- Volume low but appears ever so slightly bullish
- MA crossover looks likely
- One concern is the volume, but if it consolidates we could break upwards.
I am an amature, still learning, so any corrections / advice are welcome. Nothing negative please... Only a fool would use my idea in any way to invest.
- RSI Bullish
- Something between a Pennant / Ascending Triangle, I wasn't perfectly sure?
- Bullish Candle position, could be a first breakout signal, although the wick indicates bearish resistance... will have to see the next candle for some more confirmation.
- Volume low but appears ever so slightly bullish
- MA crossover looks likely
- One concern is the volume, but if it consolidates we could break upwards.
I am an amature, still learning, so any corrections / advice are welcome. Nothing negative please... Only a fool would use my idea in any way to invest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.