We are very extended after breaking out of previous resistance and into ATHs!
We are slamming into the Red barrier, which typically brings much-needed pullbacks. This would build out our WCB and allow us to continue higher while staying within those confines.
Also, need to flip previous resistance into support before we can continue higher in a healthy manner.
We could just keep flying higher, but at that point, we would have a massive FLAG POLE, which would come down just as fast as it went up.
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🖐️ High Five Trading Strategies
📦 Williams Consolidation Box Strategy
📈 Stocks, Cryptos, ETFs, Levered ETFs
📱 Find me on other Socials
🌆 High Five Trading Community 👇
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.