Just looking for recent patterns and apparently, there are.
The red lines are support/bearish lines.
The green lines are resistance bullish lines. and coordinated breakout of price and MACD off the resistance lines result in a substantial rally.
However, before that happens, the cross-sections of the cyan lnes lines are the points prior to the rally.
And currently, it apprears to be at one such point.
Bias is Bullish, soon.
The red lines are support/bearish lines.
The green lines are resistance bullish lines. and coordinated breakout of price and MACD off the resistance lines result in a substantial rally.
However, before that happens, the cross-sections of the cyan lnes lines are the points prior to the rally.
And currently, it apprears to be at one such point.
Bias is Bullish, soon.
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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.