Etn daily chart (zoomed in) 18.01.26.

Good afternoon! In the daily chart we were originally looking for a higher low to break the downtrend. We did that. We then needed a high above the previous one which is shown by the white arrows. We have now done that too. Yay! Now we need more higher highs and higher lows. Come on....

Now also in a previous chart I was talking about the MACD and it getting close to crossing over the red and green histogram area. (red=negative momentum and green=positive momentum). However I incorrectly named some of the other parts. Here is the correct version. Where the histogram grows from is just called the centre line. The signal line, which is what I called this originally, is actually the red line. The MACD is the blue.  Anyway now we have that sorted......hopefully.....you can see in the white circle we are getting close to crossing over the histogram area with our signal line and MACD line which is what we did last time we took off! MACD on top is also positive.  Have a great week ahead everyone. See you on the next higher high! 😃