Hi Traders!
The market is in a Midterm Uptrend (50MA).
As you can see we here have a very central Trendline.
It is very important to determine the future behavior of the market.
So, we see that the market was pulling back every time downwards after it reached the Trendline.
After the Breakout we are at the first time above this Trendline.
It is testing this broken Trendline and doesn't get under it anymore. ( bullish signal ;) )
In addition it is starting to make higher highs and higher lows.
These factors are all significant signals to determine a potential Trend Change!
Thanks and successful Trading :)!
The market is in a Midterm Uptrend (50MA).
As you can see we here have a very central Trendline.
It is very important to determine the future behavior of the market.
So, we see that the market was pulling back every time downwards after it reached the Trendline.
After the Breakout we are at the first time above this Trendline.
It is testing this broken Trendline and doesn't get under it anymore. ( bullish signal ;) )
In addition it is starting to make higher highs and higher lows.
These factors are all significant signals to determine a potential Trend Change!
Thanks and successful Trading :)!
Note
The RED BOX is here, but this is the Bigger one:
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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.
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.