The 8hr chart closed twice in a row showing reversal candles, first an "almost gravestone" doji followed by a hammer. Neither is an extremely strong signal on it's own, but two in a row seems to indicate we have found a fairly strong bottom at around 1920CNY/310USD. Barring a bear whale attack, I think we're headed bullward.
Given the bullish 3 Drivers pattern I pointed out last night, I'm still feeling like we bounced at the support line and are in for a retracement to the 1 month resistance trend line.
Given the bullish 3 Drivers pattern I pointed out last night, I'm still feeling like we bounced at the support line and are in for a retracement to the 1 month resistance trend line.
