A number of indicators suggesting a major move is upon us. The Bollinger bands are constricting with support on the mean following a bullish engulfing candle. We have 3 weeks of higher lows on the RSI and now the Stochastic RSI with a cross to the upside on the 1-day chart. The higher lows are not restricted to the 1-day chart, in fact the MACD on the 3-day chart indicates a bullish trend, and lastly the weekly chart below shows us a strong change in momentum on the Stochastic RSI.
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