We formed a consolidation pattern. Now we are approaching it's apex. I expect a strong breakout to the upside and resumption of the bullish trend.
To support this we have a decreasing volume inside the triangle which indicates we are clearly in a consolidation pattern. The further decrease in price is not supported by volume.
On the MACD we can see a bullish momentum picking up steam.
GL&HF ;)
To support this we have a decreasing volume inside the triangle which indicates we are clearly in a consolidation pattern. The further decrease in price is not supported by volume.
On the MACD we can see a bullish momentum picking up steam.
GL&HF ;)
