Taking a look at the RSI we're fixing to create the third top to a Triple Bottom, typically what follows is a spike. In this instance that would men it would be bullish this week heading to the weekend.
Secondly, if you take a look at the previous trend through the end of July leading through the first week of August we were in a Bearish wedge. From the 8th until now it appears we've been in a nice retest before a Uptrend occurs.
If we happen to break through the bottom of this Uptrend (Pink box) we may see a consolidation phase through the week heading into the weekend.
Secondly, if you take a look at the previous trend through the end of July leading through the first week of August we were in a Bearish wedge. From the 8th until now it appears we've been in a nice retest before a Uptrend occurs.
If we happen to break through the bottom of this Uptrend (Pink box) we may see a consolidation phase through the week heading into the weekend.
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