Price seems to be consolidating between 48 and 54 after hitting key support of 44.
It does seem like this market has formed a temporary bottom.
Last Friday, price broke and closed above the downtrend line, signalling potential reversal or deeper correction.
A break and close above 54 is key to confirm further upside.
Waiting for either scenario (a) or (b) to happen.
It does seem like this market has formed a temporary bottom.
Last Friday, price broke and closed above the downtrend line, signalling potential reversal or deeper correction.
A break and close above 54 is key to confirm further upside.
Waiting for either scenario (a) or (b) to happen.