Price is Bullish

10. Dez. 2019

Price is technically bullish. I expect price to take a break and retrace to nearest support before having a strong bullish uprising. As seen on the chart price is rebounding between trend line and the hour intersecting line. Forming a sideways triangle which is typically a neutral pattern, However trend line was drawn a higher time frame so in my opinion the bulls supersede the neutrality of the pattern until im shown otherwise. Its good to stay conservative on this one.