FIL Breakout and Bottomed Out
FIL has broken out of downtrend resistance after faking out the previous low with a high volume bottom and being very oversold on the HTF.
3D RSI reset with bullish divergence above the MA with lots of room for upside, MACD on weekly converging and showing first green bar on histogram and bullish crossover of MA’s.
Price action has created bullish reversal pin bar candles on the weekly TF, on the daily price has put in a new higher high with volume coming in strong, would expect to see a reversal here and the start of HH’s and HL’s.
Looking to flip the first area of daily supply and take out the high for continuation higher.
3D RSI reset with bullish divergence above the MA with lots of room for upside, MACD on weekly converging and showing first green bar on histogram and bullish crossover of MA’s.
Price action has created bullish reversal pin bar candles on the weekly TF, on the daily price has put in a new higher high with volume coming in strong, would expect to see a reversal here and the start of HH’s and HL’s.
Looking to flip the first area of daily supply and take out the high for continuation higher.
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.