1. Descending Pattern Broken.
2. Impulsive price action at the break of the .
3. Price Broke the Squeezed with High .
4. Price has retraced to the broken , which is now Support.
5. Price Action shows Bulls are in control.
5. Good Buying Opportunity and very good reward potential.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
We can see a Bullish Divergent RSI developing, also indicating that the Bearish Momentum is decreasing.
I think AGL should turn up soon, but if we see the break of the Lows, it may be short lived.