As i mentioned from my previous post, a Santa rally might be on the way and i think this chart is proving that.
It formed a "v" formation since it bottom(ed) in mid November session.
The way i look at it, seems it is forming an inverted head and shoulder pattern here.
A sign that the bullish sentiment from the participants is highly probable.
It might struggle a bit (maybe?) in a few days, possibly a week or so but this i think the rally is on the way.
Lucky for those who where able to buy at the bottom.
In the meantime, for us traders, let's take the market on a daily basis and explore the opportunities.
