Possible bullish outlook over the coming days?
There are a few different theories and patterns coming together, if confirmed could lead to a strong break to the upside. Naturally it wouldn't take much for them to be invalidated, lets watch for the bull flag confirmation first, hopefully that will have a chain reaction leading us higher. If the Bull flag does not confirm I see us pulling back to the 78XX region to test support once more before pushing higher, if that doesn't hold re-test of 76XX is on the cards.
Not financial or trading advice, just guesstimates! - good luck!
Not financial or trading advice, just guesstimates! - good luck!
Note
We are still going sideways, still within the Elliot wave formation. Volumes have dropped. A big move may be around the corner? Up or Down?
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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.