Price has reacted positively to the bottom of the ascending channel and I am expecting price to continue to the upside to complete the 5th wave. Updates will be posted.
Kommentera
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Kommentera
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The awaited breakout has finally formed. Before going long price needs to form a corrective pattern telling us that price will continue to the upside. Good trading everyone.
Kommentera
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Kommentera
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Price has put in a broadening bottom. Watch for a break to the upside. Further supporting the idea there is MACD divergence.
@theosh07, There might be another smaller corrective move downward. If so then I am looking to buy at the lowest point possible for the best R:R ratio. If price breaks up aggressively then buy on the BO.