Just at the trend line resistance level now, after hitting a double bottom on the 0.78 Fib level.
The 50 Day MA looks like crossing the 200 Day MA very shortly which would be a bullish indication but we want to see a break out now and a retest of the wedge from above. If we can get this, it would be a buy signal.
So keep a close eye on this.
Steve Cullip
2023-07-25 21:26:57 +0000 UTC