Currently going through a downtrend, but with the doji and inverted hammer spotted--two consecutive strong signs of indecision--a reversal may be on it's way.
If this current candle either:
1)closes above the downtrend line
OR
2)closes above the opening of the last candle
I'm bullish--can see 410-420 range in sight.
If it doesn't, be prepared to see a continuation down to 355, and potentially 340.
If this current candle either:
1)closes above the downtrend line
OR
2)closes above the opening of the last candle
I'm bullish--can see 410-420 range in sight.
If it doesn't, be prepared to see a continuation down to 355, and potentially 340.
Comment:
Inverted hammer spotted at the 03:00 candle while once again poking past the line. Potential bull run incoming?
Trade active:
Bears still putting up a fight, it's running nearly perfectly down in accordance with the line.
Might make one last run down to 355 before downtrend is broken.
Might make one last run down to 355 before downtrend is broken.