As drawn yesterday we broke out the bearish trend line but we say we needed to test it as support.
Hopefully todays candle closes above the yellow line to fully confirm the breakout.
That would increase the chances of the breakout to continue to the upside.
Notice that that would also produce a second bullish divergence on rsi
Hopefully todays candle closes above the yellow line to fully confirm the breakout.
That would increase the chances of the breakout to continue to the upside.
Notice that that would also produce a second bullish divergence on rsi
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Join our membership to gain access to the private scripts.
thetradingparrot.com
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Related publications
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.