Possible bullish retracement
2020-01-09 03:40:53
Reasons:
- Bearish trend line/Channel is broken up
- Price is out of consolidation area which includes a short-term head&Shoulder pattern visible on shorter timeframes
- A big body bullish candlestick is formed
- Bullish divergence is signaled by RSI (need to pass level 50 to be confirmed)
- Vortex indicator identified a bullish trend
* This is only how we interpret the market