Quant Ranging between 260 and 330ish.
Looks like selling pressure is strong, but the range keeps making higher highs, indicating that its ready to break out?
Fib tool normally only used for ranging, but a quick look shows that the range's HL has entered the golden range.
Theory: If HL can range above golden range, will it break out to the upside? I have no clue.
RSI has stayed very close to 50 along with the ranging...seems indecisive but not sure.
Looks like selling pressure is strong, but the range keeps making higher highs, indicating that its ready to break out?
Fib tool normally only used for ranging, but a quick look shows that the range's HL has entered the golden range.
Theory: If HL can range above golden range, will it break out to the upside? I have no clue.
RSI has stayed very close to 50 along with the ranging...seems indecisive but not sure.
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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.