Please notice how the downtrend is slowing. Notice how we have hit bottom of longterm correction channel (blue)
Please see how 3 last moves upward all push the boundries of uptrend channel to be inclined more and more to the up (green, orange, red channels).
I will try long after we make an inv h&s
and if it does not catch momentum and fall lower, again at the bottom of last movement, in case it forms W bottom.
If it falls below my green demand zones I will try to go out as I will have no trust in it (no optimism).
Please see how 3 last moves upward all push the boundries of uptrend channel to be inclined more and more to the up (green, orange, red channels).
I will try long after we make an inv h&s
and if it does not catch momentum and fall lower, again at the bottom of last movement, in case it forms W bottom.
If it falls below my green demand zones I will try to go out as I will have no trust in it (no optimism).
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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.