Bullish Harmonic Pattern
After a long downtrend, I think we are reaching a reversal zone. I'm getting a bit of bullish divergence. However, I'm expecting this D leg on the harmonic to extend a bit further because of the bearish moving averages.
Two things are needed for me to buy this:
1) We tap the monthly S1 - which we are not far away from.
2) The MACD crosses up - making a higher low.
Two things are needed for me to buy this:
1) We tap the monthly S1 - which we are not far away from.
2) The MACD crosses up - making a higher low.
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