Here we are consolidating on the 61.8 fib forming a double bottom and if the 78.6 fib will be reclaimed we can see an inverted head and shoulders pattern that would confirm the continuation of the rising trend.
Take a look at the RSI to see if the consolidation happens in confluence with staying above 50%
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
Take a look at the RSI to see if the consolidation happens in confluence with staying above 50%
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^