This one had one hell of a good drive.
The trend is your friend until it whacks you in the back of the head with a sledgehammer, takes your kids, cars, dog and wife.
A great friend as long as it trends.
I have zero crystal ball but I would be a bit surprised to see another 154 pips or so straight drive up to my upper resistance... though it is possible.
I think we could also see a pullback retesting the last resistance it crossed easily... though the screenshot I am adding below on the 4 hours DOES show a retest on that same line.
I am now expecting the same but on the daily.
This would be something I would be looking for in order to see a final push into the upper resistance.
The trend is your friend until it whacks you in the back of the head with a sledgehammer, takes your kids, cars, dog and wife.
A great friend as long as it trends.
I have zero crystal ball but I would be a bit surprised to see another 154 pips or so straight drive up to my upper resistance... though it is possible.
I think we could also see a pullback retesting the last resistance it crossed easily... though the screenshot I am adding below on the 4 hours DOES show a retest on that same line.
I am now expecting the same but on the daily.
This would be something I would be looking for in order to see a final push into the upper resistance.
Note
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.
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.