Bullish structure - CNX AUTOCNX AUTO H2 charts. Above is the cyclical rhythms on CNX AUTO. Price seems to be following a 24 period cycle.
Index has been in a bullish configuration and the previous cycle has only recently formed and we have now entered the rising phase. In this phase, we expect positive upwards moves.
Price , on the H2 chart, price is very close to the 20 period Moving average, a place of my liking for swing trade entries.
If once looks at the longer time frames, relative strength indicators and price action suggests positive configuration.
Look out for this space for more details as trades develop.
