This is a major downtrend that is ending for this project. A downtrend that has been going strong since June 2022. The signal that gives-away the end of the downtrend is the recent reversal pattern supported by high volume.
Today, MXCUSD produced the highest buy volume ever after hitting a new All-Time Low and becoming oversold on the RSI. These are very strong reversal signal.
We should expect a new trend to develop, an uptrend.
This uptrend can last for years! Once we hit bottom... Up, up, up!
Namaste.
Today, MXCUSD produced the highest buy volume ever after hitting a new All-Time Low and becoming oversold on the RSI. These are very strong reversal signal.
We should expect a new trend to develop, an uptrend.
This uptrend can last for years! Once we hit bottom... Up, up, up!
Namaste.
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