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Bullish technicals. Harami candlesticks on 200 day moving avg
The RSI has bounced off its lows that coincide with the March 2015 low.
Lower bollinger band has broken indicating ideal location for a counter trend trade.
The open has moved up through the lower boll and maintained it throughout trade today despite the soft market, forming a harami candlestick pattern. This indicates potential consolidation of the move at this level and hence potential reversal.
Lower bollinger band has broken indicating ideal location for a counter trend trade.
The open has moved up through the lower boll and maintained it throughout trade today despite the soft market, forming a harami candlestick pattern. This indicates potential consolidation of the move at this level and hence potential reversal.
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