Short Term Bullish Until 1.39400 point, Break of 15min Downtrend
Updated
Initial 15min downtrend was previously pierced, but now it has been broken. A new 15min Uptrend is beginning. This will continue possibly until the 1 hour downtrend line already in motion. Notes:
- Buyers are pushing to break the 50% retracement point (bullish)
- Possible ascending triangle up to 50% retracement point (bullish)
- 15min Uptrend in motion with multiple touches (bullish)
- break through 15min downtrend original line
- No clear sign of bearish divergence
- Buyers are pushing to break the 50% retracement point (bullish)
- Possible ascending triangle up to 50% retracement point (bullish)
- 15min Uptrend in motion with multiple touches (bullish)
- break through 15min downtrend original line
- No clear sign of bearish divergence
Note
No break of the 50% retracement... price action shoots back down from it
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