I have been watching this all day across various time frames. I was expecting another low HOWEVER..
It appears that with the pending close of the current 4 hour candle we may finally be clear of the downtrend channel.
On the daily the MACD has crossed and everything appears to be bullish - please correct me if I am wrong.
Looking on the 15 minute chart we seem to be making higher higher and higher lows. Again positive stuff.
I think the proof will be when the USA come online in about 3 hours (Im in the UK) so it appears the European bulls have laid the foundations ready for the next bull run.
Please do not trade of this as it is just my thoughts.
Kind regards
Dash
It appears that with the pending close of the current 4 hour candle we may finally be clear of the downtrend channel.
On the daily the MACD has crossed and everything appears to be bullish - please correct me if I am wrong.
Looking on the 15 minute chart we seem to be making higher higher and higher lows. Again positive stuff.
I think the proof will be when the USA come online in about 3 hours (Im in the UK) so it appears the European bulls have laid the foundations ready for the next bull run.
Please do not trade of this as it is just my thoughts.
Kind regards
Dash