1. Daily chart shows "Three White Soldiers" or three bullish candles. Price is closed out quite well. Three such candles haven't been seen before at a low point in the downtrend. This suggests that this may be a significant low point.
2. Weekly chart show a bullish hammer followed by a week with a higher high and higher low.
3. On both time frames, bullish price action is happening at the lower bollinger band .
Go long at 2.40. Stop Loss at 2.21.
Projected price range is 2.75-2.85.
Give it a little extra room, in case of a immediate pull-back.
2. Weekly chart show a bullish hammer followed by a week with a higher high and higher low.
3. On both time frames, bullish price action is happening at the lower bollinger band .
Go long at 2.40. Stop Loss at 2.21.
Projected price range is 2.75-2.85.
Give it a little extra room, in case of a immediate pull-back.