Price was building bullish momentum and dwindling candle volume which indicated a possible trend switch, however price broke above a linear resistance line, which was also forming a rising wedge - a bearish pattern.
A break and retest is underway currently. A nice rejection from the 50-61% zone will be a good indicator of a bullish trend continuation.
A break and retest is underway currently. A nice rejection from the 50-61% zone will be a good indicator of a bullish trend continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.