D1: - Tendency: Strong upward - Above support - Trendbar: upward weakening --> Waiting pullback ==> Buy
D1: - Tendency: Strong upward - Above support - Trendbar: upward weakening --> Waiting pullback ==> Buy
AUDUSD, Counter trend: Upward pullback on D1.
AUDUSD, Counter trend: Upward pullback on D1.
Sanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started. Reference ADL...