No need for fancy stuff. Simplicity works.

We have a big and almost symmetric triangle on candlestick chart, which is further confirmed by RSI.

All you need to do is to sit and wait for breakout of both.

評論:

By the way, if you zoom in a little and add a few indicators:

You'll notice that:

* price touched today the upper bound of the triangle on candlestick chart, which is a resistance
* price sits almost at the upper bound of the triagnle on RSI chart, which is a resistance
* price sits almost under upper Bollinger Band
* Price sits on the edge of Ichimoku Cloud
* Price sits just under EMA 50

That's quite some resistance ...

Don't pick a side now, it's not worth it.
Be patient.

Sit on the sidelines and play the breakout.

評論:

Peeking inside the triangle.

We may have either a diamond top or a half staff.
thepatternsite.com/diamondt.html

Difficult to say.

Anyway, it means volatility is coming.

評論:

Patience.

評論:

Well, clearly a diamond top ...

評論:

Rising wedge at target, price near support.
It's likely a pullback and a ABC orrection.
Next few hours will tell.

評論:

ABC, as expected

評論:

評論:

Now likely to rebound

評論:

We're back to the first half of december, with lots of manipulation.

Five times today we had an attempt of breakout rejected methodically.
It's getting a tad boring.
And ridiculous.

評論:

The last one, minutes ago, was appalling.
Couldn't believe my eyes.

Sadly this volume allows this kind of stuff.