Potential sign of exhaustion today after a gap down towards the major support area where a Bullish Hammer candlestick pattern formed up. If this bullish candlestick pattern morph into a Morning Star pattern, it can potentially signal the bottom and a reversal or consolidation may follow.
*Bullish divergence pattern also continues to unfold.
Trading Plan
- Please see the previous PSEi price action update as the medium to long term position trade potential remains the same:
https://psetrends.blogspot.com/2018/06/psei-price-action-update.html
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