Price action broke support on the 200 EMA and the old downward bear channel is acting as support along with the upward bull channel and horizontal support. If the Bulls are going to make a move to reclaim control of the market now would be a good time Bulls. Any time now. My next chart will be showing how I think we are in a Jesse Livermore Accumulation cylinder.
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.