nice momentum we could see a couple of green days. in the past we have interesting bullish trends
Price is showing signs of change in character. With the Wyckoff accumulation schematic, price should have made the secondary test. I'm expecting price to go up and mitigate the bearish POI at 8.56 to show signs of strength before going down to create a spring and initiate an uptrend.
Price is on a downtrend. We have the first sign of a change of character with volume increasing but the price is unable to push lower. Subsequently, we see price pushed higher strongly on 12 August. We could be looking at the start of a Wyckoff accumulation schematic with the selling climax in place. I'm expecting price to go higher to mitigate the bearish POI at...
1.) Despite forming a double bottom and a bullish harami bullish pattern, the potential upside remain sluggish. As such, there will be a potential tough resistance at 11.00-11.15 resistance level. 2.) Should price breaks 11.15, the next target will be at 13.50 in the mid-term.