1. Price has been ranging for some time now at this 4hour/Daily level with multiple breaks to the upside each time price has broken to the upside we have put a higher high in
2. On 4hour chart price has engulfed 12 hours of price action (bullish engulfing)
3. Price has also bounced of strong trendline support with the bullish engulfing to add to the upside strength
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.