We have 3 examples of bullish divergence in MACD, CMF, and RFI. This voids the bearishness of the descending triangle. We have even had a brake out of the descending triangle with a somewhat modest increase in volume. Thankfully I took the gamble and assumed it would break out when it bounced off the horizontal support line.
I will be setting a stop loss at 12.40 just in case I'm wrong.
I will be setting a stop loss at 12.40 just in case I'm wrong.