Stochastic RSI has confirmed a bottom for now via a golden cross on our daily chart
In addition, our CM Ultimate RSI is holding above the midpoint (white) line at ~50, giving me confidence in a potential rally about to unfold, along with the fact that PRICE ACTION... is making a slow & steady uptrend of higher lows...
If trend stays bullish we might finally end our 2 week consolidation period
IF 249 BREAKS, EXPECT 269 279 & 289 TO BE NEXT LEVELS
GAPS WILL BE FILLED AT 263 THEN 280-289 IF WE GET ONE BULLISH RALLY
IF all gaps were to be filled, you would get a 19% rally into year end putting us back around $300 for 2024...
Let's see what happens next!
In addition, our CM Ultimate RSI is holding above the midpoint (white) line at ~50, giving me confidence in a potential rally about to unfold, along with the fact that PRICE ACTION... is making a slow & steady uptrend of higher lows...
If trend stays bullish we might finally end our 2 week consolidation period
IF 249 BREAKS, EXPECT 269 279 & 289 TO BE NEXT LEVELS
GAPS WILL BE FILLED AT 263 THEN 280-289 IF WE GET ONE BULLISH RALLY
IF all gaps were to be filled, you would get a 19% rally into year end putting us back around $300 for 2024...
Let's see what happens next!