The market gives us a trend reversal signal. It is based on a breakout above the local downtrend line and a bullish divergence.
RSI confirmed the price reversal. MACD lines and histogram support a possible upward movement. DMI is bearish and shows trend market conditions. But ADX line falls, and it is a bullish signal.
It is a possible buy opportunity.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
RSI confirmed the price reversal. MACD lines and histogram support a possible upward movement. DMI is bearish and shows trend market conditions. But ADX line falls, and it is a bullish signal.
It is a possible buy opportunity.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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