The current bounce looks like we may be coming off a very long term trend line with many points of significance back to 2016.
Along with the downward trend line from this year's highs a triangle continuation pattern may be forming, with the point at around September 1st so breakout probably not too far away.
On the long term timeframe a break up out of this triangle would seem very bullish to me.
Along with the downward trend line from this year's highs a triangle continuation pattern may be forming, with the point at around September 1st so breakout probably not too far away.
On the long term timeframe a break up out of this triangle would seem very bullish to me.