BUR
is showing signs of potentially breaking out after bouncing off the support level which I mentioned in this post.
This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone,
then a move in the direction of the main trend.
We now just need to confirm a bullish trend may unfold by waiting for a breakout of the resistance level highlighted.
Price looks to be travelling up at a good pace and we may see that breakout soon so it is just a waiting game for now.
Any comments or questions, do not hesitate to leave them below.
Sublime Trading