I don't know what will happen Friday but to me, it looks like it might open up bearish into the rising 21ema only for it to bounce back and rip higher. It seems like a good target will be the top of the channel at around 39,080
This is the hourly chart.
On the 5 minute chart, the 200sma is the 1 hour 21ema, so any pullbacks into the 200sma I will be looking to go long. The fact that it didn't close that gap Thursday shows strength
This is the hourly chart.
On the 5 minute chart, the 200sma is the 1 hour 21ema, so any pullbacks into the 200sma I will be looking to go long. The fact that it didn't close that gap Thursday shows strength
Note
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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.