On the daily, we have multiple positive signs for an upward reversal:
* Various oscillators confirmed bullish divergence
* Very low volatility levels, pointing to the potential for a strong move
* Higher low will confirm trend if price doesn't break down to support again
The chart is rather young, but all in all, I think it's not misplaced to be talking about a good chance for upward reversal here.
* Various oscillators confirmed bullish divergence
* Very low volatility levels, pointing to the potential for a strong move
* Higher low will confirm trend if price doesn't break down to support again
The chart is rather young, but all in all, I think it's not misplaced to be talking about a good chance for upward reversal here.