Currently we're bottoming out IMO.
This would make a pretty CUP & HANDLE pattern.
With a retrace on it's 50WMA and finding support.
Bullish Divergence on MACD and RSI on this timeframe making it a possible move to the upside.
If the pattern we're talking about is actually the CUP & HANDLE pattern and we break out I'll see a target of ~€13,6.
This would make a pretty CUP & HANDLE pattern.
With a retrace on it's 50WMA and finding support.
Bullish Divergence on MACD and RSI on this timeframe making it a possible move to the upside.
If the pattern we're talking about is actually the CUP & HANDLE pattern and we break out I'll see a target of ~€13,6.
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Altho the correction may be done.
Here are reasons why we could correct more or may have bottomed out.
Bullish :
Bullish Divergence On Weekly
Bearish :
Bearish Divergence That Played Out ( Confirmation )
Below The TK And The Cloud ( Ichimoku )
Below The 20 And 50 Weekly MA, Also Weekly BearCross Incoming.
MACD Diverging Below The 0-Line.
Al These Bearish Indicators But Will We Go Down ?
The week is still young waiting for the weekly close for the play out.
NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH.
Here are reasons why we could correct more or may have bottomed out.
Bullish :
Bullish Divergence On Weekly
Bearish :
Bearish Divergence That Played Out ( Confirmation )
Below The TK And The Cloud ( Ichimoku )
Below The 20 And 50 Weekly MA, Also Weekly BearCross Incoming.
MACD Diverging Below The 0-Line.
Al These Bearish Indicators But Will We Go Down ?
The week is still young waiting for the weekly close for the play out.
NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH.
