There's a bullish pennant that's ready to complete on the daily. There are some nice bullish confluences:
It could also just go the other way ¯\_( $ )_/¯.
- Strong weekly ascending channel
- 50 EMA is above the 200 and the 50 has been acting as support
- No bearish divergence on the ultimate oscillator
- Looks like the monthly pivot is being tested for support
- I'd like to see a bullish T/K cross with Ichimoku as added confirmation
It could also just go the other way ¯\_( $ )_/¯.
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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.