Another case of Ascending Triangle Breakout with retest support at 0.74 resistance turn support. Same scenario with SUPERMX.
With 2 days sell down with low volume, after achieving highest point of 0.795. First of all, Ascending Triangle breakout shows signal of uptrend resume after the first wave of uptrend. 2nd, 2 days of sell down previously has very low volume. 3rd, the price on the last trading day have some rebound on the previous resistance turn into support. With the above signal shows us the uptrend in WILLOW is still bullish.
Traders you have only one job, wait for confirmation on Monday for the price to close higher/ a white candle form showing a confirmation of support at 0.74.
It is important for you to see the confirmation, otherwise, you might get yourself trap in a money losing trade again.
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