Notice how CCI continues to trend oversold while price action moves up? Still no Bearish divergence in 6 hour. Oscillators still trending up. This looks increasingly bullish to me every time I expect to find bearish indicators
Note
I'd like to add however short term, I see minimal gains and a pull back to the $8,500 area and a reassessment from there. I expect We're presently seeing a B wave up right now in a sub wave corrective cycle. RSI and CCI seem to be about tapped out in short time frames and larger time frames look to me like we have a lot more room remaining. I'll be taking profits tonight before I go to bed so I might reintroduce them on the next dip.I'll update accordingly as I see things come to light. Happy trading everyone!Note
And what a great month it's been! 2018 is setting up to be a GREAT yearNote
Looking like the 2nd arrow is highly likely. Good times!
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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.