The weekly has been in consolidation since 6-Aug-18
There have been two attempts to break out only to return the following week and reestablish/strength the consolidation.
The Daily is the strongest chart and trend right now.
Daily:
Trend: Bull
Consolidation: No
Renko bullish bar on 7-Jun
HMA is showing calling for a Long
Price projections on the daily: 1.1375, 1.1502, 1.15723
Weekly:
Trend: Consolidation
1.18154(R) - 1.11071(S)
Renko: Bearish bar on 22-Apr
Price Projections on the weekly:
Bullish - 1.14768, 1.1482
Bearish - 1.1015
There have been two attempts to break out only to return the following week and reestablish/strength the consolidation.
The Daily is the strongest chart and trend right now.
Daily:
Trend: Bull
Consolidation: No
Renko bullish bar on 7-Jun
HMA is showing calling for a Long
Price projections on the daily: 1.1375, 1.1502, 1.15723
Weekly:
Trend: Consolidation
1.18154(R) - 1.11071(S)
Renko: Bearish bar on 22-Apr
Price Projections on the weekly:
Bullish - 1.14768, 1.1482
Bearish - 1.1015
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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.