Daily chart...is currently showing an engulfing pattern. I particularly like these patterns, as they are also the first two days of the three outside up pattern...a white day with a close above today's will complete the pattern, effectively giving a double buy signal.
Weekly chart...although still incomplete, is currently suggesting two consecutive reversal hammer patterns; the first a sell and the second a buy...if we get a finish at or above 3.7 this week, it will suggest a test of 4.6 near term.
The charts are bullish, but as we know, there appears to be other forces at play at the moment...so no telling what may transpire.
Cheers!
RRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
