Three indicators are confirming the potential breakout:
1. Bullish divergence on MACD.
2. Stock RSI is now heading up on 4H chart.
3. Volume spikes on price increasements.
We also have a falling wedge pattern formation which is a strong bullish signal.
1. Bullish divergence on MACD.
2. Stock RSI is now heading up on 4H chart.
3. Volume spikes on price increasements.
We also have a falling wedge pattern formation which is a strong bullish signal.
Note
Sorry for the typo, I mean Stoch RSI and not Stock RSI. :)
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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.