On the daily, we have multiple positive signs for an upward reversal:
* Various oscillators confirmed bullish divergence
* Very low volatility levels, pointing to the potential for a strong move
* Higher low will confirm trend if price doesn't break down to support again
The chart is rather young, but all in all, I think it's not misplaced to be talking about a good chance for upward reversal here.
* Various oscillators confirmed bullish divergence
* Very low volatility levels, pointing to the potential for a strong move
* Higher low will confirm trend if price doesn't break down to support again
The chart is rather young, but all in all, I think it's not misplaced to be talking about a good chance for upward reversal here.
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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.