Hi.
We can see that downtrend broke which lead to significant rise and then re-test of marked support.
Also price action made higher low, which is a great signal for future uptrend.
More or less everyone expected another lower high, which would be bearish signal, but Bulls has decided that their time is not over.
Chart indicates how the movement could go.
Regards
We can see that downtrend broke which lead to significant rise and then re-test of marked support.
Also price action made higher low, which is a great signal for future uptrend.
More or less everyone expected another lower high, which would be bearish signal, but Bulls has decided that their time is not over.
Chart indicates how the movement could go.
Regards
“If you personalize losses, you can't trade.”
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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.
“If you personalize losses, you can't trade.”
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.