Inside day with decreasing volume in this double bottom scenario around 1,277 area, that needs to hold.
Momentum is diverging, but price needs a close above Gann 3/1 and 50 fib to prove it wants higher.
In such a case, and if 1295 falls, we might see "13" again in front of price, and some bullish pressure will be created. Short covering is not enough to drive price up for long.
Cheers P
Komen
Iskandarglenn
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WE got both all in one session.
pantheo
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Mother candle broke, all good in my world, as expected and planned, longs added at 50% of the fakey breakdown pin/wick. God bless, hope the same in your world my friend. Cheers, all the best to you and yours :-)
Iskandarglenn
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You need confirmation. Could become a Doji sandwich!
pantheo
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I know. The break of mother candle matters the most.