Hi!
Slowly we have a confirmed bottom playing out nicely. 4H TF is starting to crumble, in favor of the bulls. RSI looks strong and keeps rising and breaking resistances on the way up.
We have a potential IH&S forming using the approx. targets from ichmoku cloud and the MA50, 100 and 200. Daily chart has broken bullish on MACD and RSI pointing up.
This setup looks super strong, so many resistances stil blocking the road for smooth movement, but the force behind looks solid.
All the best!
-B
Slowly we have a confirmed bottom playing out nicely. 4H TF is starting to crumble, in favor of the bulls. RSI looks strong and keeps rising and breaking resistances on the way up.
We have a potential IH&S forming using the approx. targets from ichmoku cloud and the MA50, 100 and 200. Daily chart has broken bullish on MACD and RSI pointing up.
This setup looks super strong, so many resistances stil blocking the road for smooth movement, but the force behind looks solid.
All the best!
-B
Trade active:
So impressed by this strong push, so many fibs and resistances got evaporated.
