Bullish breakout or false hope?
I think there are some very positive signs, apart from low volume.
- RSI Bullish
- Something between a Pennant / Ascending Triangle, I wasn't perfectly sure?
- Bullish Candle position, could be a first breakout signal, although the wick indicates bearish resistance... will have to see the next candle for some more confirmation.
- Volume low but appears ever so slightly bullish
- MA crossover looks likely
- One concern is the volume, but if it consolidates we could break upwards.
I am an amature, still learning, so any corrections / advice are welcome. Nothing negative please... Only a fool would use my idea in any way to invest.
- RSI Bullish
- Something between a Pennant / Ascending Triangle, I wasn't perfectly sure?
- Bullish Candle position, could be a first breakout signal, although the wick indicates bearish resistance... will have to see the next candle for some more confirmation.
- Volume low but appears ever so slightly bullish
- MA crossover looks likely
- One concern is the volume, but if it consolidates we could break upwards.
I am an amature, still learning, so any corrections / advice are welcome. Nothing negative please... Only a fool would use my idea in any way to invest.
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