Jan 10th, 12:00PM PST
We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse...
-long term trend- rising moving averages with strong trend
-intermediate trend in positive with relative strength increasing with room to run
-intermediate moving average is slightly weakening pulling back into .38 retracement level and where dynamic support is found
-volume by price is showing there is volume in this area supporting evidence that shows possible...