Rising wedge on the daily chart; hard fought battle

25 Mar

Today and tomorrow are critical. Today's candle needs to clear 89s with conviction or we stand a very strong chance of falling down out of this rising wedge and that will spell 80 or lower most likely. RSI looks healthy and bullish however.

All that said, beware of some fakeouts in one or both directions to lure leveraged traders one direction or the other based on a presumed breakout. That sort of trickery is never out of the question.

26 Mar

İşlem aktif

falling a bit now, looks grim on the 4h but this could just be more random variance. lets see how the rest of this week shakes out.