MR Price is potentially forming a W Formation.
THe RSI is making higher lows and has broken the downtrend - Bullish momentum.
The target could be R240...
CONCERNS:
The downtrend is still evident with a downtrend line dominating and negative Moving Averages.
If the price turns up things will look brighter.
THe RSI is making higher lows and has broken the downtrend - Bullish momentum.
The target could be R240...
CONCERNS:
The downtrend is still evident with a downtrend line dominating and negative Moving Averages.
If the price turns up things will look brighter.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)