Price has broken out of the consolidation to the upside, indicating that the institutions where accumulating buy positions and thus confirming the long bias from the big players (market makers that have a lot of liquidity).
We also have a clear low that was formed on the daily chart with a clear rejection :
Waiting for price to retest that consolidation for a good RR entry long.
Entering likely with a limit order for a perfect entry ...
Some might even argue that this is a Head & Shoulders formation :
:)
We also have a clear low that was formed on the daily chart with a clear rejection :
Waiting for price to retest that consolidation for a good RR entry long.
Entering likely with a limit order for a perfect entry ...
Some might even argue that this is a Head & Shoulders formation :