Third consecutive upward swing breaking above the 50 EMA.
Candle not yet closed, but all remain unchanged, this is an above average sized bullish candle ... which is just as well depicted in the RSI plot.
The bulls have the momentum. There are converging technical hints vouching for their case.
On the not so bright side, volume is not ideal and there are plenty of overhead obstacles just ahead of the price.
No matter what you do: manage risk, manage risk, manage risk, manage risk ....
Candle not yet closed, but all remain unchanged, this is an above average sized bullish candle ... which is just as well depicted in the RSI plot.
The bulls have the momentum. There are converging technical hints vouching for their case.
On the not so bright side, volume is not ideal and there are plenty of overhead obstacles just ahead of the price.
No matter what you do: manage risk, manage risk, manage risk, manage risk ....