Compare to 2010/11
Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just shT it self
This time, its up the stairs and down teh lift, so it IS a bullsish structure.
Thre's a chance of it givinng way, but there isn't that great a vacuum as people are saying. only to 20.50 - big ledge. think it's not relevant? Look where the consolidation is - right below the last one.
Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just shT it self
This time, its up the stairs and down teh lift, so it IS a bullsish structure.
Thre's a chance of it givinng way, but there isn't that great a vacuum as people are saying. only to 20.50 - big ledge. think it's not relevant? Look where the consolidation is - right below the last one.
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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.