Quant looking primed for a bullish move into a possible breakout. Bearish trend line has Been tagged 4 times with a near on 5th just falling shy. Surely This time we could see a break.
Multiple bullish factors shown her on the 10hr chart but also lower time frame charts looking primed.
3 candles highlighted show a clear arm wrestle between buyers and sellers and the bears failed to break to a new low.
Structure seems to have formed and held and can be view as a double/triple bottom or 3 drives as seen in the chart.
4hr showing a MACD cross over and RSI is showing a 48 on the daily which is a nice level to try and catch trend change.
Zooming out on the monthly its looking like a big bull flag.
Also the hourly chart has broken and retested the 200ma - Bullish till were not.
Thoughts and opinions welcome :)
Tight stops and happy trading.
I AM NOT A FINANCIAL ADVISOR AND THIS SHOULD NOT BE TAKEN AS FINICIAL ADVICE.
DO YOUR OWN RESEARCH AND MAKE YOUR OWN TRADING DECISIONS.
Multiple bullish factors shown her on the 10hr chart but also lower time frame charts looking primed.
3 candles highlighted show a clear arm wrestle between buyers and sellers and the bears failed to break to a new low.
Structure seems to have formed and held and can be view as a double/triple bottom or 3 drives as seen in the chart.
4hr showing a MACD cross over and RSI is showing a 48 on the daily which is a nice level to try and catch trend change.
Zooming out on the monthly its looking like a big bull flag.
Also the hourly chart has broken and retested the 200ma - Bullish till were not.
Thoughts and opinions welcome :)
Tight stops and happy trading.
I AM NOT A FINANCIAL ADVISOR AND THIS SHOULD NOT BE TAKEN AS FINICIAL ADVICE.
DO YOUR OWN RESEARCH AND MAKE YOUR OWN TRADING DECISIONS.
Trade closed: stop reached