Good Morning Dynamic Traders

Halfway through the week now and I hope your all having a great week!

In the day chart below you will see that price had stopped falling yesterday and started to climb, which it has continued to do this morning. Were you expecting this to happen? Yesterday I was very keen to share with you my analysis and thoughts on this, as I was expecting price to start climbing because I thought that price was taking a breather.














I will now show you some of the signs I saw yesterday that confirmed to me that price was in a bullish flag.
- Price is currently in an uptrend
- Price is above the Value Index
- On the day chart price had fallen to a Fib breather level
- Price fell to a RN
- If you look at the 4 hour chart below you will also see that we have MACD convergence
and a buying signal














These are some of the confluence of events that told me to expect price to start climbing. I haven’t addressed all the signs, but to help you find the others if you can’t see them, have a look at RSI, and also the Support/Resistance lines. Maybe have a look at what the hour chart has to say.

Happy Trading

Richard Monnery