Will this be a second round of bull run after it was charging before last week?
Observation
1) Trendline - Uptrend( Bullish)
2) Formed higher low- Bullish
3) MACD -4G1R ( bearish) and let wait for 4R1G and a bullish reversal
4) RSI - Above 70% ( Bullish )
5) Sto - formed bearish crossover and broke below 80 % (Bearish)
6) ADX - strong momentum and bullish
7) Candle Stick -Harami ( Bullish)
8) Volume Distribution - Buying Pressure is very high (Bullish)
9) Chart Pattern - Elliot Wave 3.. Bullish
2 Points
6 Points
Conclusion
Winner BULL
With harami let confirm with another white candle and break the resistance at 2.39
Entry Price 2.41
Entry Price 2.41
Take Profit at 2.48 and 2.62
Support at 2.31
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