We are probably a little further on than what the permabears believe, but yet we are not out of the woods just yet.
The fractal of 2014 is erily similar on the weekly MA and RSI.
My analysis suggests we get rejected off the 50 MA, retest the 200 MA for a "double bottom" (with a large wick) and a new bull market is born.
#BLX chart https://www.tradingview.com/x/1nnkeSsP/ via https://www.tradingview.com
Not financial advice, for education purposes only.
The fractal of 2014 is erily similar on the weekly MA and RSI.
My analysis suggests we get rejected off the 50 MA, retest the 200 MA for a "double bottom" (with a large wick) and a new bull market is born.
#BLX chart https://www.tradingview.com/x/1nnkeSsP/ via https://www.tradingview.com
Not financial advice, for education purposes only.
Trade closed: target reached
uk.tradingview.com/chart/fbX3KFxT/
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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.