finally broke out of an ending wedge , blasting through the weekly bearish trend-line and is a strong indicator that the bear market has ended.
Now is a great time to load up on long if this is true, price has retraced to .382 level but may still have further downside to test the .618 level (2.342) and weekly trend-line which would now become support.
Please note, price can easily stop short @ 2.450 to retest the monthly lows and take off from there.
Now is a great time to load up on long if this is true, price has retraced to .382 level but may still have further downside to test the .618 level (2.342) and weekly trend-line which would now become support.
Please note, price can easily stop short @ 2.450 to retest the monthly lows and take off from there.