the 107 day trendline has been broken out of, if you have been following my charts I was expecting a move soon due to the 16 day gap and the and the bollinger bands squeezing really tight.
the 20ema on the daily (purple) is now acting as resistance, we have wicked above nicely through, so if volume comes in next target would be the 34 EMA which aligns perfectly near my green resistance line.
If you are trading this, please pay attention to a few things, the blue line and red line, flipping the blue line will be my confirmation to open a trade long position and losing the red line would be my confirmation to take a short position
the 20ema on the daily (purple) is now acting as resistance, we have wicked above nicely through, so if volume comes in next target would be the 34 EMA which aligns perfectly near my green resistance line.
If you are trading this, please pay attention to a few things, the blue line and red line, flipping the blue line will be my confirmation to open a trade long position and losing the red line would be my confirmation to take a short position
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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.
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.