This week Turtle Trend triggers BUY. It is a second weekly Turtle Trend Buy signal of the year. First sign of trend change in more than 5 years. Forming Higher Low and Higher High (Uptrend) with buildup volume Price is currently above Volume Point of Control (VPoC) 0.54 - This level is a strong support area. Price up more than 20% since first BoD in Sep 2021 within flag pattern Very Strong FIFT Bull MCDX Retailer continue to weakening 8% with Banker volume increases to 74%
Flag breakout will expose the following area of interest :- 1) Psychological resistance at 1.00 - 1.1 (Also EMA200) to form another Higher High. 2) 1.25 - 1.40 short term Fibo Projection target. 3) 1.60 - 1 to 1 Fibo Projection target.
SL below 0.54 - 0.6 Risk : Earnings around the corner..