There are two formations that is showing bullishness (price wise)
First there is a small recent W Formation, which the price has broken out of the neckline and is currently coming down to test it.
Second, the price broke up and out of a medium term downtrend. It looks like there might be a conservative entry if we get a bounce up on it.
Technically.
7>21 MA but still <200 MA (Mixed)
RSI >50 but about to test the crucial median level.
My target is 96.02 but I am feeling wary with the mixed signals.
First there is a small recent W Formation, which the price has broken out of the neckline and is currently coming down to test it.
Second, the price broke up and out of a medium term downtrend. It looks like there might be a conservative entry if we get a bounce up on it.
Technically.
7>21 MA but still <200 MA (Mixed)
RSI >50 but about to test the crucial median level.
My target is 96.02 but I am feeling wary with the mixed signals.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)