Weekly Chart: Bullish engulfing pattern Daily Chart: Bullish candle Watch out:
1. The long-term down trend line since Jun 2015 will act as a strong resistance Action:
Join the Bulls
Trade closed manually:
It is approaching the long-term down trend line since Jun 2015 and we can see that it was strong resistance. Stand aside this week.
Bullish Candle and broken the long-term down trend line since Jun 2015
Some took profit off the table.
There might be a pull back
Wait to join the Bulls this week