Analysis summary
Breaking a downtrend, after which the correction occurs, the presence of strong support, and the formation of an inverted head and shoulders pattern as well. If you add a relative strength indicator, you will see that it is a negative divergence component.
Breaking a downtrend, after which the correction occurs, the presence of strong support, and the formation of an inverted head and shoulders pattern as well. If you add a relative strength indicator, you will see that it is a negative divergence component.