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- Nice downtrend on the daily chart
- Yesterdays candle closed as an inverted hammer
- Also top of the hammer touched the resistance line and bounced off
- Yesterdays candle closed as an inverted hammer
- Also top of the hammer touched the resistance line and bounced off
Comments
- Price has been following a strong uptrend.
- Price is above the 200 MVA so technically we should be looking for buying opportunities.
- Stochastics is giving the buy signal.
- Heiken Ashi has no tails indicating the bullish trend is strong. (It has increased the last 3 days now.)