Meanwhile, on Weekly
- Bulls have finally found their wings.. When I shared this chart for the very first time, the GREEN ma line was my T1 target and it now sits roughly around: 1.1522/33 area!
- For bears, I am marking 1.1375 as most crucial level.. Starting from tomorrow and/or during next week, it could act as strong support!
- Overall, we could say that this rally is definitely raising the chances of a bullish reversal, BUT of course while candles are still below my GREEN line, nothing is for sure yet! This is still "bulls trying to break out from the falling wedge". Retests to previous lows are not off the table yet since this rally can last only for so long as bulls can maintain momentum!
I hope it helps
Be a seer, not a looker!
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