Short Term Bullish After Buy Range Hits
Our buy targets $6130 - $6200 remains our view.
Reasoning for:
* There's already showing on smaller time frames Bullish Divergence.
* We have created a Bear Flag on those small time frames too.
* RSI trading low, but with some room to go lower.
With those sighs above concludes the trend has one more leg down breaking the Bear Flag hitting our buy targets and allowing the RSI hitting oversold regions. Bullish Divergence will then show on larger time frames meaning we should bounce up.
Reasoning for:
* There's already showing on smaller time frames Bullish Divergence.
* We have created a Bear Flag on those small time frames too.
* RSI trading low, but with some room to go lower.
With those sighs above concludes the trend has one more leg down breaking the Bear Flag hitting our buy targets and allowing the RSI hitting oversold regions. Bullish Divergence will then show on larger time frames meaning we should bounce up.
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