Weekly RSI bullish divergence plus break-out above the downtrend line. Still in the accumulative zone and previous week closed TD5 Downtrend and this week on TD1 Uptrend.
Moving Average Convergence Divergence (MACD) indicator also showing bullish divergence and crossed to bull mode. Overall this looks like a great entry and if it goes lower even better to scale in longterm.
It also appears to have completed 3 down waves in a falling wedge or downtrend channel.
Please like and comment if you agree or have a different view!
Good to go, happy trading.
-TheTrex
Moving Average Convergence Divergence (MACD) indicator also showing bullish divergence and crossed to bull mode. Overall this looks like a great entry and if it goes lower even better to scale in longterm.
It also appears to have completed 3 down waves in a falling wedge or downtrend channel.
Please like and comment if you agree or have a different view!
Good to go, happy trading.
-TheTrex
Comment:
My old entry-level idea, which price entered nicely and is still in the accumulation zone (in green)!
