Hi.
We can see that downtrend broke which lead to significant rise and then re-test of marked support.
Also price action made higher low, which is a great signal for future uptrend.
More or less everyone expected another lower high, which would be bearish signal, but Bulls has decided that their time is not over.
Chart indicates how the movement could go.
Regards
We can see that downtrend broke which lead to significant rise and then re-test of marked support.
Also price action made higher low, which is a great signal for future uptrend.
More or less everyone expected another lower high, which would be bearish signal, but Bulls has decided that their time is not over.
Chart indicates how the movement could go.
Regards