Higher lows across all indicators are meeting heavy resistance, forming ascending triangles.
Potentially forming a long wave 5 to target.
Target is of the previous swing high - where i expect resistance at the level of the previous on 14/17th March.
Ranging in the neutral/ zone between 40-70.
Two consecutive higher lows
40 is strong support (previously on 6t April), having been resistance in late March.
Looks like we're set for a cross to the upside
Getting higher lows on the histogram.
BUT we are getting lower highs on the divergence.
I have a bag already so won't be trading but I would open a paper trade
Tight stop if it breaks out of
Target at 1.618 fib