Soo, we are no longer down-trending.
Yesterday we had out nice upward movement, and today broke out from the previous trend ( started June 9th). However, the market isn't still open and need to validate the direction, but for now, it looks bullish to me.
You can also spot a Pennant pattern which makes me even more bullish.
I see 2 potential scenarios:
> It is a false breakout and we are going to lower levels such as 25112
> Real breakout and we are going straight to the moon( 26481) or even further(26962)
Hope it was helpful
Yesterday we had out nice upward movement, and today broke out from the previous trend ( started June 9th). However, the market isn't still open and need to validate the direction, but for now, it looks bullish to me.
You can also spot a Pennant pattern which makes me even more bullish.
I see 2 potential scenarios:
> It is a false breakout and we are going to lower levels such as 25112
> Real breakout and we are going straight to the moon( 26481) or even further(26962)
Hope it was helpful
