Price broke below the 50MA but it is still above the 200MA which gives us the understanding that it remains in an uptrend. We can see a bullish flag formation and notice also that price failed to break below the 38.20% zone for the second time.
This could mean the end of the pullback but I would like to see a little more confirmation prior entering a long position.
Like the idea if you agree and leave a comment if you have a different view, feedback is always appreciated. Hope you find this helpful.
This could mean the end of the pullback but I would like to see a little more confirmation prior entering a long position.
Like the idea if you agree and leave a comment if you have a different view, feedback is always appreciated. Hope you find this helpful.