We made this analysis using different perspectives
and different time frames
The results are promising and we can be very close
to starting a new bull run
Here are the technical analysis details
â€¢Ichimoku Cloud - On the 1D chart
, for the first time since
the beginning of 2018
, the price chart maintains over the cloud
Additionally, the price is over Tenkansen(red)
which crossed up Kijunsen (blue).
Senaku span A (faster) crosses Senkau span B (slower).
â€¢Moving averages â€“ 1W chart
- for the first time
since the beginning of the correction, we have a new bar starting above MA20
which is believed to be a borderline of a bullish
and bearish trend
â€¢WBM BUY/SELL Indicator - 1M chart
- This is a hyper-low level.
This is the lowest level in history
We were very low in May 2015
where the bear market was finished.
These are really good news
but remember we have to be patient
Reversal of such a long trade doesnâ€™t happen overnight
For sure there will be some minor ups and downs
but if you stay cool and will manage to persist you will be rewarded
as it was in 2016 and 2017.
Let us know what you think about this
Drop us a line in the comment section.
for your time and reading.
Have a great weekend.