Directional Bias: Bullish Pattern Type: Non-Directional This pattern is comprised of three phases and looks a bit simular to a frying pan. There is the Lead-in Phase, the Bump Phase and the Uphill Run. The lead-in phase is the handle of the frying pan before a larger decline. Following the decline, The bump phase forms as the price forms a flat or rounded bottom....
Possible head and schoulders forming on weekly chart.
Just an idea, let me know what you think of it. Possible Diamond tops?
Nice bullish divergence with RSI and MACD. Wating for volume to increase above average for breakout confirmation, only if that happens I will be looking for long entrys.
1. Stoch rsi crossing above 20 2. rsi crossing sma 3. BB + 4 4. bulls winning Stop loss 45997 Take profit 46984