The chart has made a perfect Bullish AB=CD reversal pattern.
Clear Bullish Divergence is created hitting the potential reversal zone.
Bulls will be pushing hard to be in control and the price has all the tendency to make higher highs and higher lows, thus reversing the trend.
Verdict: Bulls to win.
Clear Bullish Divergence is created hitting the potential reversal zone.
Bulls will be pushing hard to be in control and the price has all the tendency to make higher highs and higher lows, thus reversing the trend.
Verdict: Bulls to win.