Bullish Scenario
Fed meeting goes well, nothing surprise the market.
This is the end of the bear cycle ending with a retest of a key area of support (420), which is confirm by the bullish divergence.
This is a whole falling wedge supported by the 20 monthly Ma (409).
Last candle was a big bear trap, fell below a key support and closed back over it.
Big volume days tend to happem at support.
This is the end of the bear cycle ending with a retest of a key area of support (420), which is confirm by the bullish divergence.
This is a whole falling wedge supported by the 20 monthly Ma (409).
Last candle was a big bear trap, fell below a key support and closed back over it.
Big volume days tend to happem at support.
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