If we break out and consolidate above the current yellow box, we could see enough strength to climb out of the current slump and hopefully head up and start a new short term cycle. Stochastic and RSI both sitting low on the current time frame. I'm expecting we move up to the next yellow box as indicated by the green arrows. If we maintain consolidation in the upper yellow box, we could see more upside in the future.
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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.