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.