Yesterday closed in the green to begin daily divergence; a good sign that a bit more bullish action may come.
H4 chart also shows another dip and recovery off downtrend high which sets us up for an ascending triangle breakout.
I'm expecting either a push to 200EMA (or 4200) or a hold at 4k to cause a bit more sideways action within the highlighted zone (see yesterday's post).
EOY prediction if we breakout could be towards 4400-4500, with heavy volatility after the holidays.
H4 chart also shows another dip and recovery off downtrend high which sets us up for an ascending triangle breakout.
I'm expecting either a push to 200EMA (or 4200) or a hold at 4k to cause a bit more sideways action within the highlighted zone (see yesterday's post).
EOY prediction if we breakout could be towards 4400-4500, with heavy volatility after the holidays.
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