Higher lows across all indicators are meeting heavy resistance, forming ascending triangles.
Candles: Potentially forming a long wave 5 to target. Target is 1.618 extension of the previous swing high - where i expect resistance at the level of the previous double top on 14/17th March.
RSI: Ranging in the neutral/bullish zone between 40-70. Two consecutive higher lows RSI 40 is strong support (previously on 6t April), having been resistance in late March.
MACD: Looks like we're set for a cross to the upside Getting higher lows on the histogram. BUT we are getting lower highs on the divergence.
Trade: I have a bag already so won't be trading but I would open a paper trade Tight stop if it breaks out of ascending triangle Target at 1.618 fib R:R 2.3:1
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