Who knows?! Not me but this is what I see happening!
All the W's!!! Typically bullish patterns! And in this instance there are two smaller W's designated by arrows in the chart within one larger W outlined in red!
Also for those of you that like bottoms to buy or beautiful double bottoms (usually leaning bullish) to ride to the top for your own personal happy ending! Thats also there if you dont believe in W formations(might be the same thing 🤔 💁)
MACD looks like its about to cross over to the positive and looks to be steadily moving to flip. Arrow pointing at it.
And lastly the RSI has sooo much room to move. Should come close to completely reseting by the time the formation finishes forming within the next 8ish hours =o
#NOTFINANCIALADVICE
COMMENTS THOUGHTS AND IDEAS WELCOME!
All this done just looking no lines or anything =]
All the W's!!! Typically bullish patterns! And in this instance there are two smaller W's designated by arrows in the chart within one larger W outlined in red!
Also for those of you that like bottoms to buy or beautiful double bottoms (usually leaning bullish) to ride to the top for your own personal happy ending! Thats also there if you dont believe in W formations(might be the same thing 🤔 💁)
MACD looks like its about to cross over to the positive and looks to be steadily moving to flip. Arrow pointing at it.
And lastly the RSI has sooo much room to move. Should come close to completely reseting by the time the formation finishes forming within the next 8ish hours =o
#NOTFINANCIALADVICE
COMMENTS THOUGHTS AND IDEAS WELCOME!
All this done just looking no lines or anything =]