This chart is gaining relatively quite a bit of bullishness for me. As you can see weve broken out of that triangle to the bullish side. Currently we are forming a bullish pennant on the 2 hour time frame as well. Historically since the bear market began. Whenever the 30 has crossed or went to cross the 99 ema its been rejected and we have dumped. Ill be keeping close watch on this chart for the next two days as this pennant forms. I hope it breaks bullish but until confirmation we cannot be sure. As the emas get closer i would keep an eye on volume as a lot of buy volume will be needed to break it bullishly.
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