We need a break of the downward parallel structure and the 50EMA 6.89, for the Bulls take charge. Buyers did a good job raising the price from the 6.45 closing price from Friday, but the bulls need to finish the job and make a HLs and HHs through the 50 EMA. If not Bears going to cycle the price back down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.