Lets keep this easy - Look on the Left.
We were under this line of resistance and also came up to the line fairly fast and then got rejected.
If we keep it Simple and just lok at the candles, thats 3 weeks before we broke out and I think we may possibly be doing the same now.
PA may well wick up and out on a Weekly chart but he body will remain below while MACD and RSI cool off enough for the next leg up
Lets see
We were under this line of resistance and also came up to the line fairly fast and then got rejected.
If we keep it Simple and just lok at the candles, thats 3 weeks before we broke out and I think we may possibly be doing the same now.
PA may well wick up and out on a Weekly chart but he body will remain below while MACD and RSI cool off enough for the next leg up
Lets see
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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.