First of all, many were calling for an H&S . Well, I didn't see it coming....and it actually didn't come.
That said...
Hourly charts shows an ascending triangle formation meaning a continuation of the bull pattern could be underway BUT volumes are pretty low at the moment and Stoch . RSI inverted headed towards an oversold area.
All considered, much depends on breakout direction and volumes, as usual.
I'm honestly pretty much neutral at the moment. I don't see a clear sign to define a trend although the most probable bet is bull.
As usual, not a trading advice, merely my idea for educational purposes.
That said...
Hourly charts shows an ascending triangle formation meaning a continuation of the bull pattern could be underway BUT volumes are pretty low at the moment and Stoch . RSI inverted headed towards an oversold area.
All considered, much depends on breakout direction and volumes, as usual.
I'm honestly pretty much neutral at the moment. I don't see a clear sign to define a trend although the most probable bet is bull.
As usual, not a trading advice, merely my idea for educational purposes.
評論:
No way, the breakout was a "false" one. Expect a serious retracement now
Here it comes