If we break the penant we should go up.
Updated
Seems Ichimoku is providing cushion but no clear break yet.
Hesitant maybe sideways for a couple of days if we do not make a decisive move tonight.
Hesitant maybe sideways for a couple of days if we do not make a decisive move tonight.
Note
Looks like we are loitering around the penant , there has been some big volume, whales hunting stop losses I presume.We can still break but a major market confidence event would have to take place.
Everyone is wary now and so you should be.
Be careful, play both fields if you can.
Note
Looking at MACD and the volume curve we are just hitting the saturation point from which a downward movement can be expected.
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.