We got a sweep of the last swing low, shaking out early over laveraged longs and late shorters, followed by a strong pump closing the last daily as a bullish engulfing!
nice move from the Bulls trying to hold strong here but not yet out of the woods. need to see a break above the pink trendline, then the red zone won't be a problem imo.
if we take the last low, it won't be another sweep imo but rather a move down to the yellow trendline support.
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$CRV
We got a sweep of the last swing low, shaking out early over laveraged longs and late shorters, followed by a strong pump closing the last daily as a bullish engulfing!
nice move from the Bulls trying to hold strong here but not yet out of the woods. need to see a break above the pink trendline, then the red zone won't be a problem imo.
if we take the last low, it won't be another sweep imo but rather a move down to the yellow trendline support.
so watching closely.