From the latest drop, we can see that:
1.Momentum is rising: The momentum indicator is heading towards positive territory which is a positive sign.
2. Sellers are fading: While the sell volumes are still higher than the buy volumes we can see that the volume has been fading over the last few days. I believe we may have gotten near a bottom and a shift is expected at this point.
This is not financial advice. Just what I'm seeing
1.Momentum is rising: The momentum indicator is heading towards positive territory which is a positive sign.
2. Sellers are fading: While the sell volumes are still higher than the buy volumes we can see that the volume has been fading over the last few days. I believe we may have gotten near a bottom and a shift is expected at this point.
This is not financial advice. Just what I'm seeing
Comment:
The pattern is solid. Still expecting a bit of upside before a slight pullback