There's no way we're going down. I explained why in my previous chart.
To summarize, last year's drop is nothing if you consider a time frame of the last 8 years(from 2008). Look at bullish momentum on monthly chart.
It looks like that the chart hit bollinger bottom band and started continuing it's bullish push. This is a typical bollinger pattern.
As long as the current data's concerned, we're going UP.
To summarize, last year's drop is nothing if you consider a time frame of the last 8 years(from 2008). Look at bullish momentum on monthly chart.
It looks like that the chart hit bollinger bottom band and started continuing it's bullish push. This is a typical bollinger pattern.
As long as the current data's concerned, we're going UP.
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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.