Important Big Bro here... and the weekly chart technicals are about to turn bullish, as the candlestick (not closed yet) failed to breakdown the 55EMA (orange line) and left a nice long tail to bounce off the 55EMA.
The daily chart is more interesting IMHO as observable is the bounce off a major support (white line), and technicals corroborate with candlesticks for a end of trend turnaround.
Expect a pop, a retracement, and then a bigger response to the upside, albeit not as powerful as 2020 into mid 2021.
The daily chart is more interesting IMHO as observable is the bounce off a major support (white line), and technicals corroborate with candlesticks for a end of trend turnaround.
Expect a pop, a retracement, and then a bigger response to the upside, albeit not as powerful as 2020 into mid 2021.
