Sell if closes below 475; Stop loss 478 (closing basis)
About to breach the trendline support and the triangle formation (higher lows and flat highs), with big red candles, although volume is limited, so need to more careful and actively track.
Also, about to breach the 50 day EMA.
BUllish momentum backed by volumes, and is at the 50-day EMA (which it has respected historically and the price has stayed below the EMA); given the significant spike in volumes, possibility of breaking the 50-day EMA.
Multiple hammer build-up co-inciding with resistance levels per daily and weekly candles. With overall market view expected to be downward, this could be a good trade.
