Bullish wedge formation after an overextended run, price made a weekly and monthly low test on massive MACD divergence rejecting the psychological level of 10€.
Bullish pressure jumped in last week with a massive bullish engulfing that broke its counter trendline.
We might make a higher high that will be the first indication of trend change. My first target being the 0.618 fib retracement from its previous bearish leg, which is coincident with the 15.25€ area
Bullish pressure jumped in last week with a massive bullish engulfing that broke its counter trendline.
We might make a higher high that will be the first indication of trend change. My first target being the 0.618 fib retracement from its previous bearish leg, which is coincident with the 15.25€ area