1st thing to look for is a break of downward trendling violet line.
2nd thing to look out for, is if any of the red lines show resistance. If not then we go up.
Also, confirmation of bullish momentum would be when price crosses both moving averages.
2nd thing to look out for, is if any of the red lines show resistance. If not then we go up.
Also, confirmation of bullish momentum would be when price crosses both moving averages.
Note
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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.