The consolidation range caught my attention. When the Bollinger collapses into the Keltner; energy builds up.
Classic squeeze.
Once it is released, I expect a fairly sizable move. The trick is knowing when to go long or short.
A simple harmonic analysis reveals directional clues at an interesting level of approx. 155.56.
Should price action pierce that level, my odds on favorite would be a long bull run on up to ~161.64.
Classic squeeze.
Once it is released, I expect a fairly sizable move. The trick is knowing when to go long or short.
A simple harmonic analysis reveals directional clues at an interesting level of approx. 155.56.
Should price action pierce that level, my odds on favorite would be a long bull run on up to ~161.64.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.