Here is what I am watching on the 30min chart. It looks like we may break out up, but this is a high risk trade as there are indications we are very over sold on the other charts. The bigger thing I am watching is the formation of a new log channel. If this new channel continues we will go extremely high and make Tulip Mania look like a drop in the bucket. Basically Tulip Mania on a global scale... but then again, Tulip Mania on a global scale could just work...
Note
Sorry, over bought, not over sold.Note
Note
Note
We are out. Higher! I did have to adjust/expand the pennant. I was a bit early to the game, but not wrong.Note
Be careful with this trade. As I said before, it is very high risk and RSI and MACD both say we are very over bought right now.
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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.