This one's pretty common out there so there's not much to share on this. Hidden bullish divergence appearing with the RSI is a good sign .
Horizontal support and resistance lines are my potential long term targets here.
There's plenty of room for this count to be valid so we'll havve to wait and watch how it turns out.
Remember , this is not a financial advice or anything like that. Its just like people sharing their opinion to get an outlook good enough. Get your own and trade on them , carefully.
Thank you.
Horizontal support and resistance lines are my potential long term targets here.
There's plenty of room for this count to be valid so we'll havve to wait and watch how it turns out.
Remember , this is not a financial advice or anything like that. Its just like people sharing their opinion to get an outlook good enough. Get your own and trade on them , carefully.
Thank you.
Comment:
If it is the case then that descending wedge support line would be a crucial play and if not then this can turn around from right this point . in that case breakout of this wedge with initial target indicated by that red lines near the top of the wedge .
Comment:
* targets indicated by those red lines near wedge top would be the measured scenario.
Big bullish divergence on daily with the RSI but there's still not reaction to it. So might be safe to say that it can dip a little bit to give a triple divergence and complete the b of larger X that i'm watching.