Yesterday closed in the green to begin daily divergence; a good sign that a bit more bullish action may come.
H4 chart also shows another dip and recovery off downtrend high which sets us up for an ascending triangle breakout.
I'm expecting either a push to 200EMA (or 4200) or a hold at 4k to cause a bit more sideways action within the highlighted zone (see yesterday's post).
EOY prediction if we breakout could be towards 4400-4500, with heavy volatility after the holidays.
H4 chart also shows another dip and recovery off downtrend high which sets us up for an ascending triangle breakout.
I'm expecting either a push to 200EMA (or 4200) or a hold at 4k to cause a bit more sideways action within the highlighted zone (see yesterday's post).
EOY prediction if we breakout could be towards 4400-4500, with heavy volatility after the holidays.
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Related publications
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.