So, its been a pretty clear down trend line on the weekly chart. For charting purposes, the RSI/MACD seem to be rounding up as well as the DTL break. At this point i'm using the 20 m.a as reference, as it did have a fail break out prior. In addition, the volume as at least increased with this attempt to break out. Lastly, if dollar keeps falling (?) it should be supportive to some degree. Just my thoughts.
Note
Forgot that Targeted move to the 50 ma. as goal
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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.