Short term
Chart says it all, just a very short term view here. Overall I'm not convinced we're done flirting with the lower end of the symmetric triangle on the daily (see longer term charts). Worth noting the volume profile of the wedge is pretty crap.
OBV trendline just there to show that we still have a long way to go before really being able to say the majority of volume has flipped to buying. I'm not a huge fan of RSI trendlines but OBV trendlines (resistance in a downtrend and support in an uptrend) can be pretty decent for identifying the price trend.
OBV trendline just there to show that we still have a long way to go before really being able to say the majority of volume has flipped to buying. I'm not a huge fan of RSI trendlines but OBV trendlines (resistance in a downtrend and support in an uptrend) can be pretty decent for identifying the price trend.
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