ALGO has broken out of its KC channel, a signal of a price reversal.
Our trend is far too over extended and a retracement is necessary before a move upward from here.
We have no support or resistance on the Ichimoku Cloud indicator, also signaling that this price action is backed by nothing.
Our trend is far too over extended and a retracement is necessary before a move upward from here.
We have no support or resistance on the Ichimoku Cloud indicator, also signaling that this price action is backed by nothing.
