A close up look at the daily chart shows us several signs of bullishness.
The first is our CCI Corrections. Weekly CCI has shown us a very recent surge above +100 and Daily CCI is nearing the nought line. Any bounce off the nought line and the current dip will be a bullish reversal. Additionally The signal line used for my CCI System (soon to be published) is curled upwards and bullish in color.
UberTrend is also in agreement giving us a bullish supertrend and plotting entry signals for us as Stochastic is oversold.
A further signal is the bounce at support right below the 0.764 Fibonacci retracement level. The doji from yesterday shows us market indecision and leads us to the possibility of a 2 bar reversal over the weekend.
The first is our CCI Corrections. Weekly CCI has shown us a very recent surge above +100 and Daily CCI is nearing the nought line. Any bounce off the nought line and the current dip will be a bullish reversal. Additionally The signal line used for my CCI System (soon to be published) is curled upwards and bullish in color.
UberTrend is also in agreement giving us a bullish supertrend and plotting entry signals for us as Stochastic is oversold.
A further signal is the bounce at support right below the 0.764 Fibonacci retracement level. The doji from yesterday shows us market indecision and leads us to the possibility of a 2 bar reversal over the weekend.
