Natty has reached the lows of Feb - 23 and has retested with some bullish intent.
There's also Bullish Divergence on various timeframes inc. Daily, 4hr, 2hr, 1hr as well as a Monthly on if it holds at these levels for a couple of months, from which we could see a major move up.
Taking the 0.618 fib levels as TP which also retest a previous support level.
Following this bullish move I expect at least a double bottom before going back up again.
There's also Bullish Divergence on various timeframes inc. Daily, 4hr, 2hr, 1hr as well as a Monthly on if it holds at these levels for a couple of months, from which we could see a major move up.
Taking the 0.618 fib levels as TP which also retest a previous support level.
Following this bullish move I expect at least a double bottom before going back up again.
Note
Daily Bullish RSI Divergence - Trade closed: stop reached
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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.