Compelling bullish engulfing and rounded bottom. Despite a three drivers completion right off the support line, the bulls are not done. Expecting further upside, negating the pattern into the highs. Expecting this last leg to be steep and strong, before we begin to see downside after this leg. This buying taking place will be strong, and is probably euphoric buying by public, ending the life of the trading cycle before we start to see despondence.
I hope you have your own tested trading strategy to trade this move when it starts
Comments
EvanJones
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Ha ha, just made the very same post. I think if it can push past 3.5 and close above it then we could be looking at some new highs going into Winter?