We broke out of long descending wedge on daily chart with consecutive green candles with S/R flip. We are still not out of the woods just yet but it's looking promising. Some more confirmation is needed for full confidence in trend reversal.
We really want to be above the Ichimoku cloud. Looks overbought on the RSI so after retesting the new support, we should be back on the way up. I suspect a lot of shorts will need to cover so we'll see some rise in volume.
We really want to be above the Ichimoku cloud. Looks overbought on the RSI so after retesting the new support, we should be back on the way up. I suspect a lot of shorts will need to cover so we'll see some rise in volume.