Very similiar to ET, like almost exactly the same. Didn't do much outside research but looking purely techinical analysis it looks solid. Going to play a break above 9.40 for entry. But for my reasoning:
holding golden zone on fib
RSI peeling above 50 on 4hr/daily
breakout of consolidation phase
showed strong support on weekly with a doji with more volume
close above 50 EMA on 4hr
Looking for strong ignition candle(high volume) to break above this level
Already seeing increase of volume on 1hr
Also seeing close above 200 EMA on 1hr
The close above on daily would confirm hold above EMA's and BT cloud flip
lots of bullish sweep calls on flow order
if we push above we have potential gap fill at 10.4
Mind you I'm just getting back to swings and I'm mostly a day trader so I have no idea how these will go it's just what I think.
holding golden zone on fib
RSI peeling above 50 on 4hr/daily
breakout of consolidation phase
showed strong support on weekly with a doji with more volume
close above 50 EMA on 4hr
Looking for strong ignition candle(high volume) to break above this level
Already seeing increase of volume on 1hr
Also seeing close above 200 EMA on 1hr
The close above on daily would confirm hold above EMA's and BT cloud flip
lots of bullish sweep calls on flow order
if we push above we have potential gap fill at 10.4
Mind you I'm just getting back to swings and I'm mostly a day trader so I have no idea how these will go it's just what I think.
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